A Global Standard for Payment Messaging- Everything You Need to Know About ISO 20022

Wednesday, 25th January 2023 | 2pm

 

ISO 20022 is expected to create a global and open message standard across all business lines of the financial industry. Several long-lived financial communication standards, such as ISO 15022 (cross-border securities settlement), ISO 8583 (credit and debit transactions), and MT messages (SWIFT propriety for correspondent banking and FX transactions), will be replaced with a new standard. ISO 20022 is here, with migration beginning in November 2022 and expected to be completed by November 2025.

In Session #7, guests Saskia Devolder (SWIFT) and John Jackson (Bank of England) joined FNA to discuss the key features and expectations around the adoption of the ISO 20022 standard. Together, we explored what ISO 20022 means for organisations and how it could change the financial ecosystem as we know it.

 

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Agenda:

14:00 – 14:10: Intro: Our host Carlos León introduces the session

14:00 – 14:50: Guest speakers: Saksia Devolder and John Jackson

14:50 – 15:00 Q&A: Our host and speakers will answer questions from participants

 

 

 

Session #7 Guests

 

 Saskia Devolder

Strategic Programme Director Cross-border Payments, SWIFT

Saskia Devolder was appointed Head of Western and Central Europe in September 2017. She is also responsible for SWIFT gpi and market infrastructures across EMEA. Prior to her current role, she was Head of Western Europe for SWIFT for two years, having previously managed the sales organisation for France and Benelux, covering securities and banking sales activities and developing community engagement across the region. Saskia joined SWIFT in 2006. Prior to joining SWIFT she was VP Global Account Management at MasterCard International and held several sales and marketing positions at Synstar International and Sterling Software.

 John Jackson

Policy and Product Lead, RTGS Renewal Programme, Bank of England 

John Jackson is the Policy and Product Lead for the Real-Time Gross Settlement (RTGS) Renewal programme, working in the Bank of England’s Banking, Payments and Innovation Directorate.

During his 20+ years at the Bank, John has worked in the Markets, Financial Stability and Prudential Policy areas. He has also spent a year on secondment at the New York Fed, working in their Financial Institutions Supervision Group.

John joined the RTGS Renewal programme in December 2015 as the Business Lead. He played a key role in developing the Blueprint for renewing the UK’s RTGS service and is responsible for Policy and Product development on the future shape of RTGS. In 2020, John represented the Bank on the CPMI Cross-Border Payments Task Force.

 

 

 

 

Missed our previous sessions? Watch the series on-demand

 

The FMI Broadcast: 26th January 2023

The operational Resilience of Decentralised Payment Systems in Wholesale Banking

With: Patrick Papsdorf and Claudine Hurman

Watch Now > 

 

The FMI Broadcast: 25th January 2023

A global standard for payment messaging- everything you need to know about ISO 20022

With: Saskia Devolder and John Jackson

Watch Now > 

 

The FMI Broadcast: 10th November 2022

The Relevance of Liquidity Savings in a Real-Time world

With: Richard Dzina & Stephen Wojciechowicz

Watch Now >

 

The FMI Broadcast: 22nd September 2022

Saving Liquidity with Cross-Border Payments 

With: Jan Schoombee

Watch Now > 

 

The FMI Broadcast: 30th August 2022

How Challenger FMIs are revolutionizing Cross-Border Payments

With: Phil Mochan and Claudio Cersesani

Watch Now > 

 

The FMI Broadcast: 23rd June 2022

How Challenger FMIs are revolutionizing Cross-Border Payments

With: Kazım Rıfat Ozyılmaz and Dave Sissens

Watch Now > 

The FMI Broadcast: 25th May 2022

The Bank of England’s RTGS CHAPS Renewal Programme

With: John Jackson & James Southgate

Watch Now > 

The FMI Broadcast: 27th April 2022

The FMI Ecosystem: Recent Developments and the Road Ahead

With: Dr Kimmo Soramäki & Dr Carlos León  

Watch Now > 

 

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