Payments Transformation with ISO 20022 A value generator beyond compliance Introduction Solution Features Want to learn more? ISO 20022 has been developed as a uniform and universal standard payments protocol to counter the problem of the existing unstandardized and uncharacterized way of formatting exchanges of financial and payment messages between countries, customers and banks. Global financial institutions must execute ISO 20022 compliancy by the end of November 2022 within the EU, and by the end of November 2023 in the US What we offer The new standard opens a world of possibilities for all players in the ecosystem. Leveraging AI and data analytics and new business insights can be gathered to enhance product and service offerings. Eviden is here to not only make your organization ISO 20022 complaint, but also to help realize the best possible outcomes of this new standard in technology, processes, and people. Solution Features Frictionless Cross-Border Payments Single ISO 20022 payments standard implemented across all regions leads to frictionless cross-border payments Automated Payments Enhanced data and straight-through processing enables automated reconciliation, cash flow forecasting and liquidity management Richer Reporting Centralized data store for all payment transactions allows improved analytics and decision-making Fraud Detection Richer data carried in the payment message make it easier to detect fraud and help prevent financial crime Innovative Products and Services ISO20022 adoption drive innovation through the creation of new products and services, e.g. instant payments and open banking Want to learn more? Connect with us to discuss your transformation needs and challenges and get support from our experts Contact us Thank you for your interest. You can download the report here. A member of our team will be in touch with you shortly