Migration to ISO 20022 made easy: CLEARIT explains
Swiss financial institutions, their IT partners and all other parties that are driving the migration to the ISO 20022 standard are going about it systematically and with expertise. That is the conclusion by the opinion and market research institute, gfs.bern, after evaluating a public survey.
A further conclusion is that satisfaction is very high with the existing solutions, particularly when it comes to domestic payments.
Other topics covered include the regulatory background for the conversion of payment traffic, the ISO 20022 test platforms’ usage, the interplay between two open standards EBICS and ISO 20022, as well as PostFinance‘s decision to process all interbank payments in Switzerland through SIC.