Banking in 2023: trends and challenges 

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Digital transformation continues to top the list of priorities in banking. However, the goal for 2023 is also to increase productivity and efficiency. Banks and financial institutions are also looking to digital solutions to help them…

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…

Variable Recurring Payments (VRP): open banking needs flexible solutions

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The vision that the bank takes care of all your payments is tempting. Is there a new era of smart direct debits ahead? The technological key to popularizing variable recurring payments (VRP) are tools that enable advanced management…

Data-as-a-Service in banking: turn on the data tap and surf!

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The processing and analysis of huge amounts of data is becoming more and more important for the world of finance every year. How not to drown in a flood of data but to leverage the banking data by-product? This article discusses…

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…

Data-driven approach: knock over your bank’s IT architecture! 

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Improved work efficiency is one of the results of the “overturning” of IT architecture in a bank: from vertical silos to horizontal data fabric. In exchange, you get boosted efficiency, better customer data analysis, data driven decision…

SWIFT transfer? Njet! How does it feel to be on the sidelines of the global economy? 

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The EU's pivotal decision to disconnect Russian banks from SWIFT over the war in Ukraine casts a stark light on the system's global economic role. By neglecting to implement the ISO 20022 standard, banks might one day find themselves excluded…

MT/MX converter: parlez vous ISO 20022?

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MX - the new "language" for cross-border payments - enters into force in November 2022. Which SWIFT XML broker will ensure smooth communication in global banking after the launch of ISO 20022?  The history of cross-border payments began…