ISO 20022 promises greater interoperability, richer information, higher levels of STP and more efficient compliance processes. This is not just a cash management or payments project. The best brains need to think in totality, taking into consideration the effect on other business processes. Do not make the mistake of thinking this is “just another IT project” and avoid the short-cuts, benefits are never achieved without heavy labor.

 Source: sibos, sponsored by Deutsche Bank.

Full article