BNY Mellon’s Isabel Schmidt on the New ISO 20022 Messaging Standard
By Anton Grant · 14 December 2022
For The Paytech Show, our guest Isabel Schmidt, the Co-Head of Global Payments Products at BNY Mellon, discusses the new ISO 20022 messaging standard and why it is better equipped to handle the demands of a global audience. For Schmidt, good data is essential for a digital world, using structured data allows transactions to move faster because of the transparency it provides to the payments journey - ensuring clients know exactly how long a transaction will take and guaranteeing reconciliation.