Author Archives: Sabrina Holland

ISO 20022 – a common language for global payments

Sabrina Holland/ November 2, 2020/ Uncategorized

The SWIFT payment network and the banking sector are about to migrate the previously used MT format for payment messages to the XML standard and the MX messages of the ISO standard. A huge challenge, but one that has many advantages for global monetary transactions. The size of the task and the effects of the corona crisis have caused delays in the schedule.