Central Bank Message Standards Settlement 
Fintech Finance
OCTOBER 21, 2024
The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). ISO20022 is the latest international open standard for financial messaging that is being adopted globally.
Fintech News
AUGUST 8, 2024
In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits.
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PYMNTS
JUNE 7, 2018
The Bank of England is streamlining the U.K.’s ’s payments messaging operations through the planned adoption of the ISO 20022 messaging standard, the bank announced Wednesday (June 6). The NPSO, which operates Faster Payments and BACS, is working with the central bank to develop a “Common U.K.
PYMNTS
DECEMBER 21, 2018
Oakes will work with a variety of entities – governments, regulators, central banks, schemes, and retail and commercial banks. Oakes is well-versed, Mastercard said, in the development of enhanced data and capabilities for real-time payments and the implementation of the ISO 20022 XML messaging standard.
PYMNTS
NOVEMBER 2, 2020
Interoperability will get a boost with messaging standards such as ISO 20022. Central banks around the world are now talking about it, discussing, looking for solutions,” he told Webster. Depending on the use case and the corporate need, he told Webster, supporting different rails makes sense.
PYMNTS
AUGUST 7, 2020
Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. He added that the service will provide additional reporting and messaging features as implementation takes shape.
The Payments Association
FEBRUARY 14, 2025
Based on the European Central Bank’s revealed statistics for 2024, the total number of digital payments in the euro area in the first half of 2024 increased by 7.4% PSD3 promises tighter consumer protections and even more advanced technical standards, amplifying the push for digital transformation.
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