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on 14 November 2022
in November 2022
ISO 20022 for payments
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Swift is working closely with its global community on the ISO 20022 migration for cross-border payments, with all necessary capabilities already in place for institutions to exchange rich data messages on an opt-in basis. Find out how we are responding to the needs of our community in the latest update on start of the migration.
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"By providing a global summary of an institution's SWIFT traffic activities, the SWIFT Profile can help banks to focus their due diligence efforts and improve the effectiveness and efficiency of their KYC assessments."