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White Paper

A Co-existence Approach towards ISO 20022 Adoption

Drivers for ISO 20022 adoption

 

In the Capital Markets space, there are key business services where ISO 20022 messages are seeing increased adoption and usage, and they include trade management, corporate actions and statements, general meeting and cash payments. ISO 20022 plays a vital role in distributing this financial information accurately to the market in the form of

  •        Support for a wide range of event types and transaction types
  •        Improved functionality support
  •        An exhaustive set of message data elements
  •        Well-defined data structures
  •         XML based syntax

 

M Anand

Principal Consultant, TCS BaNCS

Namitha Jeremiah

Consultant, TCS BaNCS

Samuel Johnson

Consultant, TCS BaNCS