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Decoding BNP Paribas' ISO 20022 Migration | After Hours
Manage episode 396190450 series 2922137
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This podcast is part of the After Hours by RedCompass Labs series, where the best and brightest in the financial services industry tell what they really think about payments!
ISO 20022 is more than a new messaging standard for financial institutions; it represents a seismic change for the industry, involving 200 initiatives worldwide in over 70 countries.
Banks participating in the settlement networks have a massive workload on their shoulders.
A year into the transition, we ask: How has one of Europe's biggest banks been getting on?
In this episode of After Hours, Kjeld Herreman is joined by Wim Grosemans, Global Head of Product Management in Payments and Receivables at BNP Paribas.
Wim explains the benefits of structured ISO payments, how many corporates are banging on their door asking for rich ISO data, and whether CBPR+ messages will make investigations more efficient.
Listen below to hear how BNP Paribas is handling the transition to ISO 20022.
Interested in contributing to our ongoing discussion? Feel free to air your comments on our RedCompass Labs LinkedIn page.
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