How ISO 20022 Can Help Banks Combat Financial Crime | The Future of Payments in 100 Seconds

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The implementation of ISO 20022 represents a seismic shift towards a more harmonised and richer data model, which will improve banks’ operational efficiency and expand business insights. Most importantly, the new messaging format presents major opportunities for combatting financial crime. So, how can banks use it to not only improve their processes but also help make the world a safer place? We answered this question in our latest 100 Seconds video.
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[@HeliosDarks]

Aren't banks responsible for a majority of money laundering? Fines are paid and rarely are the real perpetrators held responsible

[@HeliosDarks]

Also, amazing information. Nicely presented 😁

[@graveripper69]

YES it's a tool. Crypto is a tool too. Both can be used for money laundering. Of course the old system has long history of it.

[@graveripper69]

crypto is better than this

[@mineralt]

way better

[@Sketchesz]

Blockchain and Crypto would be integrated into the ISO 20022 messaging platform to facilitate payments.