Home

News from ISO

RSS

A revised standard to facilitate the daily life of the financial services industry

by Sandrine Tranchard on
Tablet displaying financial information

When making transactions on the Internet everyone hopes it is safe but who knows of the ISO standard that is behind the process?

ISO has just published a revised version of the ISO 20022:2013 series on financial services, which ensures the reliable transfer of data, making financial transactions more secure.

This series of standards describes a way to generate and read the messages that form the basis of electronic transactions in the financial industry.

The new version of ISO 20022:2013 gives more flexibility to message developers, thus reducing the cost of message development.

ISO 20022:2013, Financial services — Universal financial industry message scheme, will help the financial services industry, including financial services organizations, software developers, corporations, government agencies, regulators and tool vendors, when exchanging financial messages.

Rapid growth in financial transactions

The rapid growth in the number and nature of financial transactions since the 1990’s has led to the increase in scale and sophistication of messaging within the financial industry.

ISO's first work in this area was the development of ISO 15022. This was replaced by ISO 20022 in 2004 and has now been updated by ISO 20022:2013.

The eight part series ISO 20022:2013, Financial services — Universal financial industry message scheme, was developed by ISO technical committee ISO/TC 68, Financial services. They are available from ISO national member institutes (see the complete list with contact details) and from ISO Central Secretariat through the ISO Store or by contacting the Marketing, Communication and Information department.

An introductory video on this topic can be viewed here.

 

 

Read the full entry

ISO Events

  • -

    WSC Roundtable Discussion

    Washington DC, USA

All events



ISO Standards in Action

Learn about how International Standards work in the real world, and the benefits they bring to business, society and the environment.

More news

Food products - New challenges for consumer safety

More and more consumers are buying their goods online and relying on label claims to make purchasing decisions. These are two of the major trends standards need to address to ensure consumer safety, argue consumer representatives.

New ISO handbook supports SMEs with food safety management

Food safety ranks high on the list of concerns for consumers, regulators, producers and retailers, as evidenced by The ISO Survey of Management System Standard Certifications – 2011, which recorded at least 19,980 ISO 22000:2005 certificates in 140 countries, a growth of 8 % compared to 2010.

YOU and the big wide world of standards

Standards. They are not just for experts, our safety and security depend on them. For instance, having the same public information symbols everywhere means that, no matter where we are, we will know what to do in an emergency. One example among many! This special issue of ISO Focus+ features short, accessible articles that reveal which standards matter most to you and how they can significantly improve your quality of life.

Adventure tourism - More excitement, less risk

Do you feel the call of adventure? Do daring rapids tempt you? Do you enjoy trekking through thick jungle or climbing the highest peaks? Do you dream of biking along the world’s most incredible routes?

All news

 


News archive

Are you interested in a specific News item released some time ago? Browse our News archive by year.


Media kit

More information for the media can be found in our Media Kit


Press Contact

Katie Bird
Head, Communication and content strategies

Call: +41 22 749 01 11
Fax: +41 22 733 34 30
Email: bird@iso.org
Twitter: @isostandards

ISO Focus+, 4/2013

This month on ISO Focus+

You

You may be wondering why you need to learn about standards. There’s no denying they are a good idea, but it’s the experts’ job to deal with them, right? Wrong. Standards concern us all because we are the ultimate beneficiaries. And the more you know about them, the more you will be able to reap the benefits.

This special issue of ISO Focus+ gives you an introduction to the standards that look out for you while you are having fun or working hard, that keep you healthy, or make your life more efficient and comfortable. Help yourself by learning how to recognize the standards that matter to you and your loved ones!

Current issue

ISO Focus+

Our monthly magazine draws attention to the vital role International Standards play in the global economy. The magazine is geared to an international readership of standards developers, industry and government regulators. Each month, we focus on a theme such as risk or the environment, to highlight the achievements of standards in the field. The magazine features interviews from top business executives, examples of management system standards in practice as well as an update on some of the newest International Standards.

All issues