ISO 20022 and Banks: Compliance, Risks… and Hidden Opportunities | Episode 5

Описание: #ISO20022 #Banking #Finance #SWIFT #Fintech

Every year, banks spend more than $200 billion on compliance — monitoring transactions, screening for fraud, and meeting increasingly complex regulations. But what if a new global standard could cut costs, reduce risks, and unlock hidden opportunities? That’s exactly what ISO 20022 promises.

In this video, we break down how ISO 20022 will reshape banking and compliance by:

Replacing outdated SWIFT MT messages with rich, structured XML data.

Reducing false positives in sanctions screening and lowering fraud risks.

Helping banks meet AML/KYC requirements faster and more accurately.

Unlocking new business opportunities through data-driven services and smarter payments.

With cross-border payments worth $150 trillion annually, this transformation will affect every bank, business, and regulator worldwide. By November 2025, ISO 20022 becomes mandatory, and the financial industry will never be the same.

📌 Whether you’re in banking, fintech, or crypto, this episode will show you how ISO 20022 is not just about compliance — it’s about building a competitive advantage in the digital economy.

👉 If you want to stay ahead of this global financial shift, subscribe now to Phoenix Mindset and join the journey. Don’t miss the next episode of our ISO 20022 series, where we’ll explore how crypto and digital assets may connect with this new financial language.

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