Diamond Trust Bank has made the leap to ISO 20022
Diamond trust Bank has enhanced operational efficiency by adopting ISO 20022, improving payment processing, cutting costs, and enhancing customer experience, with a 50% reduction in anti-money laundering alerts due to richer data.
The adoption streamlines compliance, particularly in KYC and AML, by providing structured data that reduces clarifications and simplifies reporting.
Read the article to see how they did it.