How to unlock the true value of ISO 20022?

ISO 20022 is at the center of payments modernization globally. While banks generally tend to understand the benefits ISO 20022 can deliver, the initiatives driven at most banks are a tactical attempt at establishing a formal checkmark for compliance with the new messaging formats. Meeting the payment rail timelines, standardization of message formats and bank internal priorities continue to take center stage while taking away the focus from the true value ISO can deliver.

Through this whitepaper, Intellect Global Transaction Banking shares its views on how banks can approach ISO 20022 in a manner that not only delivers the end-results through a progressive modernization journey but adds also generates significant value, both to the bank and their clients.