Opinion of banks on challenges of migration to ISO 20022 as of 2022, by role in bank

A survey held in early 2023 indicated banks faced several technical issues related to the future adoption of rich data formats and message standardization. The main challenge banks observed was on whether they could, or will, create proprietary requirements with ISO 20022. Proprietary requirements essentially allow banks to deviate from standardization, so as to create differentiation or to create more stickiness among their business consumers. Another often-mentioned challenge was the ability of businesses to consume the new data format. ISO 20022 is a new messaging standard for cross-border money transfers between financial systems and/or financial institutions, no matter where they are in the world. Banks have to be fully integrating into this new payment "language" by November 2025 - a process that started in March 2023. This survey predated that process.

一项于2023年初进行的调查显示，银行在未来的丰富数据格式采用和消息标准化方面面临了诸多技术难题。银行所观察到的核心挑战在于，它们能否或将要基于ISO 20022标准创建专有需求。专有需求本质上使得银行得以偏离标准化，以此实现业务消费者的差异化或增强客户粘性。另一个常被提及的挑战是，企业能否有效消费新的数据格式。ISO 20022是一种新的跨境货币转账消息标准，适用于全球范围内的金融系统及/或金融机构之间的交易，无论其所在地。银行必须完全融入这一新的支付“语言”体系，该进程于2023年3月开始，截止时间为2025年11月。此次调查发生在该进程启动之前。