Understanding ISO 20022 and the Role of Compliance Consultants
In today's fast-paced and ever-changing business landscape, compliance with industry standards and regulations is not just a best practice, it's a necessity. With the rise of digital transactions and global connectivity, companies face increasingly complex regulatory requirements. Among these standards, ISO 20022 stands out as a crucial framework for ensuring efficient and secure financial messaging. This article will focus on what ISO 20022 entails, its implications for businesses, and the role of chief compliance officers and compliance consultants in its implementation.