ISO 20022
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What is ISO 20022?
ISO 20022 is an international standard for financial messaging. It provides a common platform for the development of messages using a shared data dictionary and a consistent modeling methodology. It is commonly used for payments, securities, trade services, cards and foreign exchange transactions to improve interoperability and efficiency in financial communication.
What other technologies are related to ISO 20022?
ISO 20022 Competitor Technologies
ISO 8583
A messaging standard for financial transactions. While not directly competing in scope, it provides an alternative for message structure, especially in card-based transactions.
Fedwire
A real-time gross settlement system in the United States. It handles large-value transactions and could be considered a competitor for specific types of payments covered by ISO 20022.
FedNow
A real-time payments service in the United States, providing immediate payment capabilities and potentially competing with the scope of ISO 20022 payments.
ACH
A US electronic funds transfer system. While ISO 20022 could be used in ACH systems, they also operate independently with existing standards.
SWIFT MT
The legacy messaging standard used by SWIFT. It is being replaced by ISO 20022 for cross-border payments.
MT
Refers to SWIFT MT messages. The legacy messaging standard used by SWIFT. It is being replaced by ISO 20022 for cross-border payments.
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ISO 20022 Complementary Technologies
SEPA
A payment-integration initiative of the European Union for simplification of bank transfers. It leverages ISO 20022 for its messaging standards in many of its schemes.
CBPR+
SWIFT's strategy to support ISO 20022 adoption for cross-border payments, making it a complementary standard.
RTGS
Real-Time Gross Settlement systems can utilize ISO 20022 for messaging. It's a system type that can be based on ISO 20022.
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Which job functions commonly mention ISO 20022?
Solutions Architect
0.1% of all Solutions Architect jobs mention ISO 20022
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jobs on Sumble
Data Analyst
368 Data Analyst jobs mention ISO 20022
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jobs on Sumble
Consultant
194 Consultant jobs mention ISO 20022
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jobs on Sumble
Product Manager
109 Product Manager jobs mention ISO 20022
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jobs on Sumble
Data, Analytics & Machine Learning
378 Data, Analytics & Machine Learning jobs mention ISO 20022
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jobs on Sumble
Which organizations are mentioning ISO 20022?
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