At Sibos 2023, industry experts spoke about the need for cooperation across borders and businesses to help drive sustainability at the pace it needs.

Trust is the most important currency in finance. It is fundamental to the smooth running of every financial system in the world, and that is always likely to be so. However, a generational shift is underway that is challenging and reinventing notions of trust in financial services.

The benefits of ISO 20022 will permeate financial services ecosystems, from Market Infrastructures and banks, through to corporates and vendors.

With the deadline to confirm payments approaching, here’s what you should know to get prepared.

The payments industry is in transition, converging from a wide variety of legacy message and data formats to ISO 20022: a common, global, end-to-end standard. Extra CBPR+ messages went live in November 2023, and we closed the year with a daily average exchange of 800K messages. ISO 20022 adoption is a cornerstone of the Committee on Payments and Market Infrastructures (CPMI) agenda to improve cross-border payments. We’ll continue to build on the great start made in 2023 and support the Swift…

Increasingly, financial institutions are migrating their core services to public and private cloud solutions.

Much of the debate around Central Bank Digital Currencies (CBDCs) has focused on their domestic impact, but they have the potential to transform the most fundamental building blocks of international economic activity by creating new opportunities for faster, cheaper and more secure cross-border payments

The start of the migration to ISO 20022 for cross-border payments and reporting in March 2023 marked a significant milestone for the payments industry. It showcased some of our core values around operational excellence, innovation, and close collaboration with our community being demonstrated with action. Since the start of coexistence, an average of 600,000 ISO 20022 messages were exchanged every business day between 1,000+ sending institutions and 5,600+ receiving institutions in more than…

ISO 20022 usage continues to gain momentum. Since the start of coexistence, an average of 620,000 ISO 20022 messages have been exchanged every single business day on our network. And this between 1,200+ sending institutions and 5,800+ receiving institutions in over 200 countries. If you’d like to learn more, you can find a monthly summary of the key migration statistics in the ISO 20022 Document Centre. And in just a few weeks, Transaction Manager will finish with its live traffic…

Watch this series examining top tips from leading innovators in the financial industry on how to make innovation a success. This week: Interview with Robert Palatnick, DTCC.