Posts Tagged ‘ISO 20022’

As international payments continue to increase in Canada, alongside the growth of international commerce, consumers and businesses alike will benefit from evolving payment innovations and standardisation. 

Discover the impact of ISO 20022, cross-border payment digitisation, and artificial intelligence on the banking sector’s payment efficiency.

In the rapidly evolving digital age, the payments industry is undergoing one of its most significant transformations in recent years.

To address these challenges and meet the needs of our clients, a modern, structured, open and pervasive payments language is now required.

Hear from Deepa Sinha, VP Payments & Financial Crimes at BAFT on the transforming payments industry and the key topics to look for.

Learn about the future of cross-border payments and the transformative impact of the RTP® network. Stay updated on recent regulatory changes.

BAFT’s inaugural 2024 International Trade and Payments Conference brought together experts to discuss the state of trade and payments.

Discover how ISO 20022 can reshape the world of trade finance and what banks need to do to prepare for a global adoption.

The European Market Infrastructure Regulation (EMIR) was introduced by the European Securities and Markets Authority (ESMA) in 2012 to enhance transparency and reduce risk in derivative markets. But at the end of 2022, the ESMA announced EMIR was getting a new look: the EMIR Refit. 

The Bankers Association for Finance and Trade (BAFT), a global industry association for international transaction banking, has released a whitepaper, “ISO 20022 Migration: Lessons Learned”, highlighting some of the critical lessons its members have learned while implementing this ‘new language of payments’.

2024 is set to bring about significant changes in finance and banking. Driven by a convergence of cutting-edge technologies, the industry-wide transition to ISO 20022, the rise of digital currencies, and innovative AI-powered solutions, the year holds promise for considerable advancements and enhanced alignment between fintech and traditional financial institutions. 

BAFT, the leading global financial services association for international transaction banking, has published a new white paper titled “ISO 20022 Migration: Lessons Learned”.

At TFG, we took the time to reflect back on the happenings across trade, treasury, and payments in 2023. After sifting through our news archives and speaking with industry experts, we devised this list of 9 key events and themes that shaped trade, treasury, and payments in 2023.

The ISO 20022 format is a set of data and messaging that is integrated into an instant payment or any other cross-border transaction. 

One year after our last conversation at Sibos 2022 in Amsterdam, Trade Finance Global spoke with Ben Ellis, SVP and Global Head of Visa B2B Connect, in Toronto to get answers to these questions on cross-border payments.