Bank of Cyprus

Bank of Cyprus has made the leap to ISO 20022

Bank of Cyprus successfully adopted ISO 20022 through a strategic and methodical approach, beginning with a system analysis in 2020. They mapped affected applications and explored options like upgrades, middleware, and hybrid solutions for smooth migration. Cross-functional teams from IT, compliance, and operations collaborated early to address concerns, particularly around longer reference fields.

Their success provides a blueprint for other institutions, highlighting the importance of preparation, vendor collaboration, and resource utilization.

Read the article to see how they did it.

Read the full article Get started with ISO 20022

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