ISO 20022: The messages may be common, but the challenges sure aren't

THE 2021 PAYMENTS CANADA SUMMIT The SUMMIT is Canada’s premier payments conference. Canada is undergoing a massive transformation in its payments ecosystem. The SUMMIT is the ideal meeting point for the payments community to exchange ideas on the future-state of the payments industry. Canada has a leading role to play in evolving the global payments ecosystem, and The SUMMIT is the place where we will see this transformation in action and the impact it will have on us as a nation, as an industry, and as individuals. Learn more at thesummit.ca. SPEAKERS Neil Buchan - Head, Standards Implementation - SWIFT Kerstin Schoenwitz - Director, Product Manager - Deutsche Bank AG Heike Strasser - Director, Product Architecture - Mastercard Frank Van Driessche - Head, ISO 20022, AVP, FedNow Product Management - Federal Reserve Bank of New York Isak Penttila - ISO 20022 Lead - Payments Canada SESSION DESCRIPTION When you think of ISO 20022, what comes to mind? If you answered standard, you're like most. You might also think the standard is boring, and the opposite of buzzwords such as change, innovation and efficiency. Well, you're wrong, because this standard will unlock the power of infinite possibilities, for individuals and businesses, with data, speed, security and opportunities to modernize payments in Canada and abroad. The benefits, however, are not for free and will come with a number of challenges for the different players in the ecosystem. Find out the challenges that lie ahead from a wide range of players in the ecosystem. The message may be common, but the challenges sure aren't.