ISO 20022: The implications for payments processing and requirements for its successful use

Steve Goswell

Journal of Payments Strategy & Systems, 2006, vol. 1, issue 1, 42-50

Abstract: This paper discusses the ISO 20022 standard. It examines the implications for the payments and securities businesses and identifies some potential issues and challenges that will be faced. It discusses what individual institutions need to do to prepare for the successful adoption of the new standard. Lastly, the role of SWIFT in the governance of ISO 20022 is outlined.

Keywords: ISO 20022; standard; UNIFI; RMG; SWIFT; ISITC; coexistence; translation rules (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2006:v:1:i:1:p:42-50

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