In publishing this paper, Volante and Pay.UK have set out to address some of the concerns we most commonly encounter when speaking to participants in the UK banking payment ecosystem. Ultimately, payment services providers, be they banks, building societies, or fintech’s, are asking similar questions:
- What UK payments systems and processes will be affected by ISO 20022, and how?
- What are the benefits for various ecosystem participants, particularly corporations and financial institutions?
- How should financial institutions approach ISO 20022 readiness