AMSTERDAM, 26 October 2010 - Today, SWIFT announced the launch of the ‘ISO 20022 For Dummies' book, created in cooperation with John Wiley & Sons, the publishers of the world's bestselling knowledge reference brand, and ISO, the International Organization for Standardization.
The ‘For Dummies' book aims to create awareness of ISO 20022 and a clear understanding of its benefits. With this book launch, SWIFT reinforces once more its commitment to the ISO 20022 standard.
Speaking at the Standards Forum at Sibos, the world's premier financial services event, Jamie Shay, Head of Standards, SWIFT, commented, "ISO 20022 creates profound benefits for the financial industry. We hope this publication will demystify ISO 20022 and encourage take up of the standard worldwide. The interest and enthusiasm shown by our customers and partners for this first-ever official ISO 20022 reference guide is extremely encouraging."
The ISO 20022 standard provides the financial industry with a common platform for the development of standardised messages. It realises end-to-end processing across domains and geographies that currently use vastly different standards and information formats. Its key benefits are improved straight-through processing, reduced cost of development and maintenance through simpler system integration, accelerated market harmonisation, industry wide interoperability, and a common foundation for constructive competition among service providers.
About Standards Forum
The Standards Forum, which runs throughout Sibos week on a dedicated stand within the Sibos exhibition, is the place where business and standardisation meet. The Standards Forum offers a unique opportunity to network and learn about new initiatives, share experiences and gain new insights about standardisation topics.
About SWIFT
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,500 banking organisations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
For more information, please refer to our website http://www.swift.com/ or contact:
SWIFT
Kim Bratanata
+32 2 655 3373
kim.bratanata@swift.com