Cryptocurrency Q&A
What does ISO 20022 stand for?
What does ISO 20022 stand for?
Riccardo
Fri Oct 25 2024
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7 answers
1308
ISO 20022 represents an international financial standard developed by ISO/TC68. It's based on XML and aims to provide high-quality global payment information exchange, supporting cross-industry collaboration without being controlled by any single interest party. This standard is a combination of financial services and IT technology, adapting to new demands and network environments.
7 answers
BitcoinBaroness
Sun Oct 27 2024
The repository contains descriptions of various messages that are exchanged between financial entities.
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Eleonora
Sun Oct 27 2024
Additionally, it provides thorough explanations of the business processes associated with these messages.
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JessicaMiller
Sun Oct 27 2024
ISO 20022 ensures that all parties involved in financial transactions are on the same page.
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Margherita
Sun Oct 27 2024
ISO 20022 serves as a crucial standard for facilitating electronic data interchange among financial institutions.
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Caterina
Sun Oct 27 2024
Furthermore, it outlines a maintenance process for the content within the metadata repository.
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