Panel Discussion
ISO 20022 & Payments modernization
benchmark your bank’s approach
Swedbank
Kirstine Nilsson,
Head – Business Infrastructure
Consumer Payments & Cash Management
Wells Fargo
Michael Knorr,
Head of Payments & Liquidity Management,
Global Payments
BofA
Ad van der Poel,
Head of Product Management – EMEA
Global Transaction Services
SWIFT
Franck de Praetere,
ISO 20022 Programme Director , APAC
EY
Ritesh Kirad,
Payments Technology Leader
Infosys Finacle
Siva Subramanian,
Principal Product Manager
Payments & Cash Management
Four things to look forward to in the panel discussion-
Read on to learn why progressive banks are fast tracking ISO20022 adoption
IDC MarketScape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment
Learn how IDC MarketScape research can help you better evaluate the 14 global vendors and shortlist the right payment platform for your bank
SOURCE: IDC MarketScape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment, by Aaron Press, Feb 2020, IDC Doc#US46024520.
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.
Progressive banks are fast-tracking iso20022 adoption
That ISO 20022 standards will impact financial standards, payment infrastructure and operational processes, is a given. The ongoing global pandemic has, however, lent a new urgency to the adoption with the expected rise in remote banking usage across sectors and associated need for a modernized payments ecosystem.
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why you should fast-track your payments business for iso 20022 standards
In more than 70 countries, ISO 20022 is replacing existing domestic or legacy payments messaging formats. With all reserve currencies preferring ISO 20022 standards, it is estimated that within the next 5 years, over 80% of high value payments will be based on these standards.
How can Infosys Finacle help you?
Whether you prefer a tactical upgrade of your financial messaging system or a strategic transformation of your legacy payments systems, Infosys Finacle has you covered.
Transition as an opportunity for modernization
Finacle Payments Suite: SWIFT certified, gpi-ready, enterprise class payment services hub built leveraging ISO 20022 standards. The suite empowers financial institutions to enhance customer propositions with value-added services and tailored payments offerings.
reimagine financial messages management
Finacle Message Hub: Enterprise class message transformation engine built leveraging ISO 20022 standards. The solution offers a comprehensive suite of capabilities to enable translation across existing formats (FIN/MT, or other proprietary formats), and the new ISO20022 (MX) formats.
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