Ravi Sharma on UL Solutions’ role in ISO 20022 Migration
By Anton Grant · 26 January 2023
In this segment of The Paytech Show, Ravi Sharma details how UL Solutions is supporting companies with the complex migration to the new ISO 20022 messaging standard. There are several technical functions involved between issuing and acquiring banks when transactions are being sent - to reduce the friction and chance of rejection, all players need to communicate in an agreed language so that translation isn’t necessary - this is where ISO 20022 will prove its worth.