Point of View Document ISO 20022 Migration | Strategy Considerations for Banks Home > Resources > ISO 20022 Migration | Strategy Considerations for Banks ISO 20022 migration represents one of the most significant transformations to impact the financial services industry in recent years. ISO 20022 standardizes data exchange between financial institutions to convey transaction services in a formal but syntax-independent notation. Despite its many benefits, banks have not actively started migrating to ISO 20022, partly because of: Moving deadlines from SWIFT and other region specific market infrastructures The perception that adoption is not mandatory and A general wide-spread underestimation of the scope of changes as a simple compliance project Within financial institutions, the impact of ISO 20022 is broad reaching, across organizational systems, and needs to be addressed at a core architecture level. Without the right technology, introducing ISO 20022 can be risky, expensive and complex. Download the IBS Intelligence Point of View document to learn: Why ISO 20022 migration is important Key considerations for ISO 20022 migration Approaches adopted by banks: Complete overhaul, Smart middleware translator and Phased/Point solution approach Advantages and disadvantages of the adoption approaches How Fiorano ISO 20022 Accelerator fast tracks the migration journey To read more about how to benefit from ISO 20022 and how Fiorano tools can help accelerate compliance, we have presented additional whitepapers and reading material on the next page. Please complete the form to download the POV document Name * Business email-id * Job title * Company * Telephone * For the purpose of responding to your request, Fiorano Software Inc. and its affiliates (collectively "FIORANO") need to collect the above personal data from you. By providing this information, you are consenting to Fiorano processing this data and contacting you by email, telephone, and/or social media with the response related to your specific request. To view our complete Privacy policy or how we manage your information, please click here. Download SHARE PAGE Schedule a Demo Schedule a demo of our software Schedule a demo Talk To A Fiorano Expert Get our Fiorano experts to get in touch with you Get In Touch Downloads Download Fiorano Resources Download Product Download Datasheet Download Whitepapers Products Solutions Services About Us News & Press Resources Partners Blog Contact Careers Follow Us Subscribe For Updates Subscribe © 2021 Fiorano Software and Affiliates. All Rights Reserved. Privacy Statement | Terms of Use 🍪 Accept Cookies & Privacy Policy? This website uses cookies so that we can provide you with the best user experience. Read our Cookie Policy to find out more. If you wish to disable cookies, you can do so from your browser. Accept Cookies