Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
26 Mar 2024
It is predicted that by 2025, ISO 20022 will handle 80% of transaction volumes and 87% of transaction value globally. In Europe, the adoption deadline was extended to November 2022. ISO stated that the new standard will provide improved efficiency in payment processing and enhanced data automation capabilities on an international scale. One signif...
13 Mar 2024
In response to heightened market volatility during the COVID-19 pandemic, the US Depository Trust & Clearing Corporation (DTCC) issued a white paper in February 2021 advocating for a transition to T+1 settlement. Collaborative efforts in 2021 and 2022 produced recommendations spanning post-trade processes, aiming to enhance investor benefi...