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As the global payments infrastructure transforms, many organizations are turning to ISO 20022 for their financial messaging needs, as it can provide the ability to:

• Implement richer data and structured formats end-to-end in both local languages and characters
• Handle more stringent regulatory reporting requirements
• Avoid truncation through format standardization by all participants, allowing significantly more reference information e.g., up to 9000 characters
• And more

However, to adequately implement this technology, it’s crucial to understand the migration timeline, the effects, and the potential challenges you could face.

Browse this white paper to learn more.