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Majority of firms unready for ISO 20022 deadline

Photo: Getty Images

The path to ISO 20022 compliance is more challenging and time-consuming than many anticipated.

Finextra’s Payments Modernization: The Big Survey, conducted in early 2024, includes responses from 350 senior bankers, with a mix of C-level (32%) and senior management executives (68%) from different regions and organizational sizes.

The report emphasizes the need for rapid and effective payment system modernization driven by customer expectations and regulatory demands.

But there’s

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