Enabling simpler, safer and faster transactions
The Banking industry is witnessing digital transformation like never before. This holistic payment transformation has compelled them to abandon their traditional methods and accept emerging global and open standard payment infrastructure relevant to the current market scenario.
ISO 20022 is a global and open standard payment system to facilitate standard operability. While the ISO 20022 adoption will enable a seamless operation of payments initiation, it will reap the following benefits-
With digital transformation scaling new heights, Nordic countries, who are global leaders in electronic payments are opting for P27, a Pan Nordic Payment infrastructure facilitating first real-time and cross-border payments. The adoption of ISO 20022 is expected to modernize existing platforms and lower the cost significantly for domestic and cross-border payments.
Being secure and scalable, P27 would help mitigate fraud risks and enable streamlined and effective payment processes
Hexaware renders a smooth transition towards the ISO 20022 implementation by-
We provide end-to-end ISO 20022 migration support with our deep domain expertise and Fintech partners, to bring higher levels of straight-through processing and efficient compliance processes.
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