The Data-Rich Payments Blog

ISO 20022 is too often thought of as only a way to create efficiencies in inter-bank payments. But the big win for banks and corporates alike is when corporate end-users leverage the standard’s rich, structured remittance data to generate new efficiencies and opportunities. We had a conversation with three corporate early-adopters, Michel Lechasseur of Hydro…

Efficiently validating the benefits and requirements associated with ISO 20022 is one of the most common challenges we see amongst corporations evaluating the impact data-rich payments will have on their business. We’re thrilled to be partnering with EPAM on their new offering Sabulous, the only ISO 20022 corporate sandbox solution on the market. Sabulous facilitates…

Payment systems in the U.S. and around the world are working diligently towards adopting ISO 20022. This standard promises to deliver great benefits to businesses, including operational efficiencies, improvements to treasury management and customer experience, and improved global interoperability. As the global pandemic has highlighted the benefit of digital-first business processes, 20022 Labs has been…

Over the last 18 months 20022 Labs’ team has engaged with dozens of corporate payments users, including professionals responsible for payments infrastructure, as well as CFOs, Treasurers, line of business owners, and product & customer-experience managers, to discuss the benefits that ISO 20022 can deliver their organizations. Almost uniformly, once these professionals recognize the financial,…

Canadian insurance industry working with 20022 Labs to better understand and prepare for the potential of 20022-enabled payments. TORONTO, CANADA, May 15, 2019 — At the 2019 Payments Canada SUMMIT, 20022 Labs, a new global payments lab based in Canada, unveiled plans to help the world realize better economic efficiency, interoperability, convenience and prosperity through…

By Gerry Gaetz, President and CEO of Payments Canada The world is slowly-but-surely transitioning its payment systems to use the ISO 20022 payment messaging standard. The reasons for the transition are compelling on paper, but the market dynamics can make early adoption a tough sell. We should know, Payments Canada is strongly committed to the…

The following interview was published on payments.ca on March 29, 2019   A conversation with Mike Sigal, Partner at 500 Startups Fintech Fund and Co-Founder of Upside Partners, about his latest venture, 20022 Labs ISO 20022 – the global messaging standard that allows rich data to travel with electronic payments – plays a foundational role…