Free e-book

ISO 20022: a new standard

in a complex environment

Will you make it in time to prepare for the upcoming changes?

In March 2023, a new format for cross-border transfer messages entered into force, SWIFT MX. It will be based on the XML structure, compliant with the ISO 20022 Financial Services standard.

The changes associated with the implementation of the XML standard affect all systems, processes and technologies of the banking architecture. To make it on time and not lose their voice in the global ecosystem, banks can turn to an ad hoc solution: the MT/MX message converter.

Download our free e-book ISO 20022: a new standard in a complex environment and see how our proprietary solution, Payres, supports the migration to ISO 20022 and the future-proofing of data.

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This ebook discusses:

  • what opportunities are created by the common language and model for payment data being introduced with ISO 20022
  • what is the proposed timeline for the introduction of ISO 20022 in various payment systems around the world
  • what challenges are involved in the conversion from MT to MX (with examples!)
  • which solution can be used during the transition period when the whole IT infrastructure is being redefined
  • how a stand-alone MT/MX converter integrated into a central system can be used to increase long-term market advantage

About the author :

Jacek Nowak

Jacek has been working in the IT banking industry since 1997. His area of expertise is business analysis. Since 2004, he has been the CEO of CCA Europe. He specializes in the digitization of global and local processes related to payment processing, card payments and customer satisfaction. In his limited spare time, he plays board games.