ISO 20022 is intended to create a standardized universal language for financial transactions, and is close to a global breakthrough. SWIFT support for market infrastructure (MI) ISO 20022 migration initiatives is confirmed. Adoption of new message will start in November 2021 for Target2 & Euro1.
Bank infrastructure needs to adapt to be ready for the transition. In this webinar, Finastra experts are discussing about the enhancements in Fusion Summit to enable timely compliance with Swift ISO 20022, Finastra’s approach to handling the transition period seamlessly and the Swift MT & MX messages.