ISO 20022 is an international messaging standard for financial business transactions that provides a structured data format to improve interoperability across various financial systems.
ISO 20022 is needed to simplify cross-border payments and to support future innovation in the financial industry.
Payments Cash Management Account management Authorities Administration
Understanding Gap analysis Prepare a plan Apply Documentation review audit Certificate issues-
– Passport-sized photograph – Identity proof of the applicant (PAN card) – Address proof (Adhaar card, Voter ID, Driving license) – GST registration – Scope of work – Company’s PAN card – MSME
The ISO 20022 cost depends on the certification body, size, and complexity, and also includes the standard fees.
A Star Legal Associates provides ISO 20022. This certification is for the development of financial messages.