20022standarden

The term "20022standarden" refers to the ISO 20022 standard, an international, open, and universal standard for electronic data interchange between financial institutions. This standard is designed to address the needs of the financial industry for a globally consistent data syntax and business process model. It provides a common language and framework for financial messages, enabling seamless communication and data exchange across different systems and organizations.

ISO 20022 is structured in two main parts: a methodology for developing financial message standards and a set of standardized message definitions. The methodology defines a common business process model and a modeling language, ensuring that messages are developed in a consistent and logical manner. The message definitions themselves are based on XML (eXtensible Markup Language), a widely adopted format for structured data.

The adoption of ISO 20022 aims to reduce costs, improve efficiency, and enhance interoperability within the financial sector. It supports a wide range of financial processes, including payments, securities, trade services, and foreign exchange. By harmonizing message formats and business processes, ISO 20022 facilitates innovation and the development of new financial services. Many central banks and financial market infrastructures are actively migrating to or supporting ISO 20022 for their payment systems.