NPA and ISO 20022 pave the future for modern banking in the UK 

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The New Payments Architecture (NPA) and ISO 20022 stand a chance of revolutionizing the UK's banking sector. If you add AI into the mix, the vision of “modern banking” goes way beyond what we might expect. But human expertise is…

ISO 20022 migration: how to avoid the testing cost spiral? 

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ISO 20022, the new standard for the exchange of payment data, came into force in March 2023. Now, bankers have until November 2025 to introduce the necessary changes to their IT systems. How to speed up the whole process while maintaining…

ISO 20022 enhanced data: who will pave the way for new opportunities? 

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Financial institutions are racing against time to launch the basic functionalities of ISO 20022 before March 2023. However, everyone is looking to the benefits that rich data in business is supposed to bring. For now, however, there…

Fintech Connect 2022 webinar. What is ISO 20022 readiness in UK? 

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Most banks are only partially ready for ISO 20022, according to a survey conducted during the webinar at the Fintech Connect 2022 conference. Can we indeed get ready for payment innovations, or are we to brace ourselves for a new Neverending…

ISO 20022 in Islamic banking: halal or not?

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Is islamic finance an ethical and fair alternative to modern banking, or is it an incomprehensible parallel world of finance? Regardless of where you come from, the Islamic finance system is part of cross border banking. As such, it…

MT to MX converter for ERP: a lifeline for corporate accounting 

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If corporate back-office systems are not upgraded in time for the implementation of ISO 20022, we can expect critical payment bottlenecks in large companies. How to convert SWIFT messages to upgrade corporate ERP systems? This article…

MT/MX converter: parlez vous ISO 20022?

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In November 2022, a new "language" for cross-border payments will enter into force: the MX format. Which SWIFT XML broker to choose for smooth communication in the global banking world after the launch of ISO 20022? The history of cross-border…