The Practical Guide to ISO 20022
Preparing for the new language of payments
AccessPay’s Practical Guide to ISO 20022 is the most comprehensive guide available to help you understand and transition to the new ISO 20022 messaging standard successfully.
The guide offers insights into:
- The four critical data elements: Purpose of Payment codes, Legal Entity Identifiers, Structured Remittances, and Structured Addresses
- Timelines for implementation across various payment schemes
- Messaging format changes and their implications for corporates and financial institutions
- Impact analysis for your financial technology stack (ERP, reconciliation, etc.)
- Strategies for enriching payment and statement data effectively
- A tried and tested,10-step action plan to aide you with your transition
