Cryptocurrency Q&A What are the disadvantages of ISO 20022?

What are the disadvantages of ISO 20022?

Michele Sun Sep 29 2024 | 5 answers 1038

Could you elaborate on some of the drawbacks of implementing ISO 20022? Are there any challenges financial institutions may face in adopting this standard, and how might it potentially impact their operations? Additionally, are there any concerns regarding compatibility or interoperability issues that could arise with the adoption of ISO 20022? What are the disadvantages of ISO 20022?

What are the disadvantages of ISO 20022?

iso 20022 disadvantages financial messaging standard

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