What is ISO 20022?
ISO 20022 is a set of messages and business processes used by banks, finanical service providers, corporations and clearing systems to exchange global, standardized data. Messages have been incrementally improved and therefore different versions exist. Our convertors will allow you to transform messages from one version to another.
The CGI (Common Global Implementation) initiative is a working group that drive adoption of ISO 20022 and standardize the financial services industry around a particular version of each type of message, as the commonly used version. If you want to comply with the CGI version of a message type but currently produce an earlier version, our convertors are a simple, quick and effective solution.