Topical Talk: ISO 20022: Friend or Foe?

ISO 20022 is set to revolutionize the world of payments by streamlining real time transactions and automating processes while significantly reducing risk and payment errors. However, financial institutions are facing some uncertainty surrounding the migration to ISO 20022. At the same time, unless they can convince their corporate clients of the necessity to move, neither party will be able to reap the benefits. Essentially, unless both sides are ready, neither is. Speakers on this session will engage in an open discussion related to a recently conducted survey that provides valuable insights into where the industry is, what needs to be done, and where there are areas of opportunity when it comes to migration to ISO 20022.