Banks around the world stand to benefit from ISO 20022’s potential for new products and services in the cross-border and high-value payments space. In this report, various banks in different markets were interviewed to understand how they are leveraging the benefits of ISO 20022, and one of the key mindsets that these banks have in common is that they view ISO 20022 as an opportunity rather than a pure regulatory and compliance issue.
Download the report to further dive into these six benefits:
- Cost savings and processing efficiency
- Data-related benefits
- Fraud, anti-money laundering (AML) and compliance
- Interoperability across geographies
- User experience
- Innovation benefits