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ISO 20022 prep guide: Step 2 - Train your staff on new message types like pacs.008 for credit transfers and pacs.009 for interbank settlements. Understand extended character sets and new data elements like Legal Entity Identifiers (LEIs). #ISO20022

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20022 Labs

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28,934 views • 1 year ago •via X (Twitter)

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ISO 20022 prep guide: Step 4 - Work with partner banks and clients. Align migration timelines for MT to MX message conversion and test new payment scenarios, including extended remittance information and intermediary institutions for end-to-end transaction flows. #ISO20022
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Inside One ISO 20022 Payment, pain.001 → pacs.008 (Like You Be Bank Architect) Sometimes banking terms sound more complicated than they really are. That’s why in this video, I took one ISO 20022 payment flow from pain.001 to pacs.008 and explained it in a simple, human way. The goal is to help you understand what these message types actually do, how payment instructions move, and why this matters in today’s banking and fintech world. If you’ve always heard these terms but never really understood them, this should help. #ISO20022Explained #Pain001ToPacs008 #PaymentMessageFlow #BankingArchitecture #banktech #FintechEngineering #paymentsengineering #BankArchitectMindset #financialmessaging #paymentrails
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