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This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood. The standard isn’t related to any one organization or segment, it was created by the International Organization for Standardization for many global transactions. .
Though ISO 20022 is all about creating a standardized approach to building messagingstandards across financial services, it’s still a standard that can be lost among many of the businesses that need it most. From an education standpoint, there’s still a pretty significant gap in the U.S.
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