The countdown to the ISO 20022 has officially begin, as the global standard for financial messaging for cross boarder payments is set to be in place by November 2025. In the long-term the new standard should bring consistency, easier to understand messages, reduce errors and facilitate faster payments – But in the here and now, many treasury teams feel unprepared and in the dark when it comes to the systems and processes needed to ensure ISO 20022 compatibility.

While the transition to ISO 20022 will bring unique challenges and changes for treasury teams, this fireside chat will explore how current treasurers have navigated uncertainty, prepared for the shift, and addressed the obstacles they encountered along the way. Treasury professionals anticipating further updates from banking partners will gain insights on how to proactively adapt, plan a structured roadmap to assess current systems, identify potential gaps, and determine the resources needed for a successful transition. Hear two expert case studies from the journeys of treasurers, addressing:

• What key steps can treasury teams take today to assess and upgrade their systems and processes to ensure a smooth transition to ISO 20022 by 2025, and how can they manage this transition without disrupting daily operations?
• How can treasurers collaborate effectively with banking partners to understand the impact of ISO 20022 on payment messaging, and what are the best practices for proactively adapting to banking changes as the deadline approaches?
• What resources and tools should treasury teams consider investing in to streamline the adoption of ISO 20022, and how can they ensure their teams are properly trained to handle the new messaging format and potential operational changes?