ISO 20022: Survival Guide

ISO 20022: Survival Guide | 2 What is ISO? The International Organization for Standardization (ISO) is the world’s largest developer of voluntary International Standards. ISO has developed over 23,921 international standards and in 2004, introduced the ISO 20022 standard for exchanging electronic messages between financial institutions. ISO 20022 has been adopted by SWIFT and in the coming years, banks globally will migrate from legacy SWIFT MT financial messaging to the highly structured and data-rich ISO 20022 standard. Innovation • SWIFT introduced SWIFTNet, developed new online services and connectivity solutions, launched Innotribe, SWIFT gpi, and led the financial industry’s migration to ISO 15022 logy rbank File Transfer Current and Future November 2022 : Migrating to ISO 20022 financial messaging standard 0s 2020s 2000s