ISO 20022 for High-Value Payments
When embarking on an ISO 20022 project, you need best-in-class services and support – from business case assistance over solution design to live operations
Getting ready to adopt ISO 20022
For payments market infrastructures offering High-Value Payments (HVP) services, it’s important to make informed decisions when adopting ISO 20022. A migration project has a considerable lifecycle and many moving parts, so you will need a project plan that covers many aspects, from adoption, over implementation to live usage – taking into account not just your own needs, but also the requirements of your community to support them throughout the transition.
As you embark on this project, you will need to secure best-in-class solution design covering everything from message flows and data models to standards implementation guidelines in line with international best practice.
You will also need to put in place a secure, reliable and efficient network solution to support safe and resilient HVP processing for your members.
Finally, you will need to secure any necessary tools, services and support to facilitate the migration for yourself and your community.
- Reducing risks and costs for members through industry harmonisation
- Educating and onboarding your community
- Managing multiple parts of the project simultaneously
Naturally you want to minimise the costs of an ISO 20022 implementation for your members. But with many different versions and market practices in play, achieving consistency may not be straightforward. At the same time, overseeing all the components of the project – from business case and implementation guidelines to testing with your community – can present significant challenges.
Global Financial Messaging
The world’s only value-added ISO 20022 network
We offer reliable and secure messaging as well as non-repudiation and central message validation.
Interfaces and Integration
Interface products and tools
Our interface portfolio is fully ISO 20022-enabled. From helping you shield impact on your back-office, to allowing efficient ISO 20022 integration, we have solutions that fit your needs.
MT/MX transformation services
We can help you and your community streamline your migration from MT to MX messages. Our conversion services and tools can shield the impact.
Training, Consulting and Operational Services
ISO 20022 strategy for market infrastructures
From creating a business case and carrying out an impact assessment to defining your adoption roadmap, we can help you devise your ISO 20022 strategy.
ISO 20022 solution design service
Use our service to develop messages, customised implementation guidelines based on global market practice and carry out a gap analysis for data models and business processes.
ISO 20022 training
From web classes to customised on-site training events, access our portfolio of courses to learn everything you need to know about ISO 20022.
Industry harmonisation framework
We’re working with market infrastructures to roll out ISO 20022 consistently across the industry and foster a more disciplined and predictable approach.
HVP usage guidelines
Developed by the Payments Market Practice Group, our HVP guidelines are publically available in MyStandards – supporting global interoperability and like-for-like compatibility with FIN MT messages.
MyStandards is the perfect platform to share your standards specifications with your MI member community. It allows your members to browse and analyse your specific specifications on-line and generate multi-format documentation.
ISO 20022 around the world
ISO 20022 adoption mApp
Our free iPad app gives a global overview of over 70 initiatives which are moving to ISO 20022. Also available as a PDF download.
Uniquely qualified to support your ISO 20022 project
- Unrivalled experience of ISO 20022 for High-Value Payments
- Dedicated ISO 20022 network for your High-Value Payments transactions
- Comprehensive products and services range