ISO 20022 migrations journey: how to accelerate it, make it right and reap the benefits - English

The financial industry is migrating towards a new global open message standard for payments, ISO 20022, in many jurisdictions across the world.   

The benefits of ISO 20022 in terms of flexibility, structure and richness are well known. Although the migrations are based on the same ISO 20022 technical standard, using a common format and dictionary, they all have different practice rules, implementation guidelines, timelines, paces, and approaches.  

Combined with latest AI and ML technologies, ISO 20022 will enable financial institutions to target higher straight through processing (STP) and enhance compliance transparency, while reducing cash processing costs and increasing transaction speed. 

While budget, implementation and operational challenges must not be underestimated, engaging early in ISO 20022 migrations provides financial institutions tangible opportunities to get a competitive advantage.  

The session will identify opportunities to accelerate the migrations journey, make it right and reap the benefits. 

Join experts from Eastnets, BNP Paribas and SWIFT for an expert discussion on:  

• How to improve the payment and cash management reconciliation? How to increase STP rates with ISO 20022 data? 
• How does ISO 20022 impact the compliance processes?  What are the auditing challenges and how to address them?  
• How to enhance the fraud detection and resolution processes? 

• What is the impact on the overall financial operations? What are the key considerations on internal transformations? 
• Which are the design and deployment options to migrate on time?  
• What are the business offerings that may benefit from the ISO 20022 value?   

Panel Speakers  

• Damien Godderis, Industry Engagement Manager, Payments & Receivables, BNP Paribas  

• Egle Skomskyte, Senior Payments Expert for Europe, SWIFT  
• Marie-Christine Diaz, Business Development Manager – Payments EU, Eastnets 
• Thomas Ashdown, Moderator, Sales Executive, Eastnets  

Register to the webinar on Friday 2nd June 2023 at 11:00-12:00 CET 

Once registered, you will receive an email with instructions on how to join the session. 

We look forward to an interesting conversation.