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| Name | ISO 20022 Migration: What should you keep in mind when translating MX-MT messages? |
| Video Uploader | Video From RedCompass Labs |
| Upload Date | This Video Uploaded At 22-02-2022 13:26:35 |
| Video Discription | 馃搶RedCompass Labs helps financial institutions deliver profitable, secure, end-to-end payment and financial crime services and solutions. Find out how: https://www.redcompasslabs.com In December 2021, SWIFT announced the availability of its new In-flow Translation service, intending to support banks to be ready for the November 2022 start of the ISO 20022 migration period. Banks across the globe are decommissioning their networks supporting the legacy MT format by November 2025 and transitioning to ISO 20022 en masse, following SWIFT鈥檚 decision to implement the standard for cross-border payments and the move of many RTGS (real-time gross settlement) to this standard. Watch our new Payment News Under the Lens video and learn why the migration is so complex for banks, what are the top challenges for banks choosing the translation approach, and how banks can overcome these challenges. Chapters: 0:20 What鈥檚 new with ISO 20022? 1:37 Why is this migration causing issues for banks? 3:06 How can banks deal with this messaging mismatch? 3:31 What are the top challenges for banks choosing the translation approach? 5:52 What are the next steps for banks? 馃摉 Subscribe to our newsletter and updates for the latest in payments and financial crime news https://www.redcompasslabs.com/subscribe 馃憤 Give this video a thumbs up if you enjoyed it 馃憞 Leave a comment below with your thoughts 馃憠 Read RedCompass Labs Insights https://blog.redcompass.com/ 馃惁 Follow us on LinkedIn https://pl.linkedin.com/company/redcompass VTQBdCghEpg |
| Category | Education |
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