Banking Circle: Adopts ISO 20022 messaging standard
- Banking Circle is the payments bank for the new economy, delivering payments and banking services
- The adoption of a global common language by Payments Bank makes it easier for financial institutions
- A single common format for all financial communications, ISO20022 allows participants and systems in different markets
- To conduct business, financial institutions exchange massive amounts of information with their customers
- Many real-time, low-value, and high-value clearing systems around the world have begun their migration
- It is perfectly aligned with mission of simplifying cross-border payments
