Questions tagged [financial messaging standard]

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Michele Michele Sun Sep 29 2024 | 5 answers 1038

What are the disadvantages of ISO 20022?

Could you elaborate on some of the drawbacks of implementing ISO 20022? Are there any challenges financial institutions may face in adopting this standard, and how might it potentially impact their operations? Additionally, are there any concerns regarding compatibility or interoperability issues that could arise with the adoption of ISO 20022?

What are the disadvantages of ISO 20022?
alexander_smith_musician alexander_smith_musician Sun Sep 29 2024 | 6 answers 1492

What does ISO 20022 mean for regular people?

Can you tell me, in simple terms, what the ISO 20022 standard is all about and how it might affect people who are not directly involved in the financial industry? I'm curious about how this standard could potentially impact day-to-day transactions and how it might make things more efficient or secure for the average person. Is it something that we should all be aware of?

What does ISO 20022 mean for regular people?

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