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The go-live for cross-border payments and reporting (CBPR) and the coexistence phase for the new financial messaging standard ISO 20022 is set to begin in March 2023. Financial institutions need to get their systems ready and ISO 20022-capable by November 2025. But how is the industry approaching this watershed, what benefits does it see in the migration, and most importantly, how ready will it be? In order to answer these questions, SEEBURGER has partnered with leading research and advisory firm Celent to conduct a representative survey. We polled 211 banks and corporates worldwide on a variety of questions to learn where the industry is really at – and what remains to be done.
This brief summary highlights the key findings of the resulting report and – how SEEBURGER can help.
Live Webcast on the Survey Results for Banks
Principal Analyst Gareth Lodge of research and advisory firm Celent and SEEBURGER's Senior Vice President Ulf Persson discuss the highlights of the joint survey on readiness for ISO 20022.
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