ISO 20022 Made Simple – Episode 6: What does ISO 20022 mean for Banks and Corporates? | Standard Chartered Corporate & Investment Banking
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What is ISO 20022? Here are the key points about ISO 20022: It is a standard developed by International Organization for Standardization (ISO) under technical committee TC68 for financial services. It defines a “universal financial industry message scheme” that covers how financial institutions exchange electronic messages (payments, securities, trade services) with richer structured data than older formats. It uses a data-model approach (metamodel, UML, dictionary of business items) and support
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What is ISO 20022? Here are the key points about ISO 20022: It is a standard developed by International Organization for Standardization (ISO) under technical committee TC68 for financial services. It defines a “universal financial industry message scheme” that covers how financial institutions exchange electronic messages (payments, securities, trade services) with richer structured data than older formats. It uses a data-model approach (metamodel, UML, dictionary of business items) and support
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How can ISO 20022 go beyond compliance to transform custody operations?In this video, @StateStreet explains how ISO 20022 is embedded across its custody activities to improve data quality, simplify client interactions and enable higher levels of straight‑through processing.By standardising data and removing ambiguity, ISO 20022 helps reduce manual intervention and allows transactions to move more cleanly through the system.State Street also shares how ongoing collaboration with Swift helps both
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