Ep506: The deadline for the implementation of ISO 20022 is fast approaching

Jacob Rider, Head of Payments, Projective

November 2022 marks the point of migration for some of the top global payment infrastructures to ISO 20022, an international standard for exchanging electronic messages between financial institutions, covering cards, payments, securities, FX and trade. Most banks, corporates and payments companies use SWIFT MT financial messaging for transactions, which will migrate over to the new system and eventually come to an end in 2025. Robin Amlôt of IBS Intelligence discusses the coming of ISO 20022 with Jacob Rider, Co-Head of Projective’s Payments Practice.