Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
Banking / white paper
Rakesh Lakhani
Lead, Payment Transformation, Banking, Financial Services and Insurance, TCS
You have these already downloaded
We have sent you a copy of the report to your email again.
With rapid adoption of the ISO 20022 messaging standard, a major share of global payment systems will move to the ISO 20022 standard by 2023. The switch will affect global payment infrastructures and financial institutions will need to assess the impact and take steps to ensure seamless ISO 20022 migration. Since ISO 20022 adoption will mandate changes to systems and processes, proactive preparation is critical. Adopting a structured agile approach will enable incremental delivery of change to comply with the regulation as well as the ability to adapt to evolving regulations and new products. Making changes to the message gateway to achieve compliance will result in banks failing to reap the complete benefits of the move to the ISO 20022 standard.
Seamless ISO 20022 migration will require banks to
Decoding the Surety Bonds enigma for International Trade
Enhancing customer journeys in the KYC process
Making banking services more accessible
Integrated Risk Appetite and Financial Crime Risk Controls Assessment