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Global banking systems required to upgrade to ISO 20022 in 13 days
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Global banking systems required to upgrade to ISO 20022 in 13 days
ISO 20022 messaging standard was developed over two decades ago by the Geneva-based International Organization for Standardization (ISO) as a universal language for financial messaging. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) set the deadline for banks to implement the new standard for electronic data interchange between financial institutions on November 22. ISO 20022 will replace systems that relied on limited,…
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