Type: On Demand
Duration: 55 Minutes

Yes, while ISO 20022 is the new standard for domestic and cross-border payments, it also offers the use of external code lists to communicate specific business conditions and references. During this season, we will explore how external code lists within the ISO 20022 framework are providing a common understood set of values for data elements. These lists eliminate ambiguity and ensures that different financial institutions and systems can seamlessly exchange information, leading to more efficient processing, reduced errors, and improved data quality across the global financial landscape.