ISO 20022 becomes mandatory for financial transaction data

By the end of 2025, it will be more or less mandatory for all participants to use the ISO 20022 standard for the exchange of financial transaction data. Wer seine Zahlungsdaten noch nicht migriert hat, muss bis dahin aktiv werden, damit seine Zahlungsinformationen weiterhin über das SWIFT-Netz übermittelt werden können. Over the following four years, there will be other important deadlines, as was the case in recent years when the Europe-wide payment systems TARGET2, EURO1 and STEP1 had to be converted to ISO 20022.

Focus on the documentation of ISO 20022 content

Are you well prepared? And if so, is your ISO 20022 implementation documented sufficiently to allow for easy updates during version upgrades? Or are you planning to document exceptions and extensions to ISO 20022 in a separate specification as part of the migration?

The ISO 20022 Standard Distribution of GEFEG.FX software provides the basis for projects in the financial sector to adapt, document, publish, implement and validate financial messages. In GEFEG.FX, alongside the current ISO 20022 UML models, you also have access to earlier versions of the ISO 20022 UML models. Furthermore, customised XML schemas and external codes for the elements facilitate understanding and planning of your implementation. Obviously, an ISO 20022 data update service is also included.

Topics addressed in our webinar Current ISO 20022 specification, migration and updates – Is your implementation already documented in a sustainable manner?

Find out in this webinar how customers

• Efficiently develop easy-to-maintain specifications and guidelines based on ISO 20022 with GEFEG.FX, generate documentation at the touch of a button
• Performing data harmonisation with GEFEG.FX
• Validate data with the GEFEG portal and optimise onboarding processes
• On the basis of ISO 20022 and other standards, create and document API specifications with GEFEG.FX.

Do you have any questions about the webinar and/or input on further webinar topics?

Who should participate?

Employees with technical and business backgrounds at companies that organise or implement ISO 20022 migration projects

Which know-how should you bring with you?

Interest in ISO 20022 and financial processes

How long does the webinar last?

50 -60 minutes