Bottomline (NASDAQ: EPAY) makes complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state-of-the-art fraud detection, behavioral analytics, and regulatory compliance solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline delights customers through offices across the U.S., Europe, and Asia-Pacific.
How Can Financial Institutions in APAC Efficiently Migrate to ISO 20022?
ISO 20022 offers financial institutions the ability to standardize their messaging to support global interoperability. As well as improving the quality and structure of financial messages, it also provides rich data with each transaction, enabling everything from enhanced analytics to status tracking, sanction checking and automated invoice reconciliation – all whilst delivering an improved experience for end customers.
However, there is concern that the deadlines required for ISO 20022 migration, being driven by regulators and global schemes such as SWIFT, are too aggressive considering the busy road maps facing banks in APAC – Real-Time, SWIFT gpi, Visa B2B Connect, enhanced fraud functionality etc. Banks also need to assign responsibility for the project and so who ultimately should be driving the ISO 20022 project – operations or IT, or both?
This on-demand webinar from Bottomline and EY discusses the benefits of prioritizing the migration to ISO 20022, it’s role in helping with data management and analysis of historical messages, and the key pain-points banks and FIs face when implementing ISO 20022.
For further information on how Bottomline can help customers hit ISO 20022 regulatory deadlines, download our brochure today.