Swiss payments harmonization: banks finish ISO 20022 migration
December 6, 2017

No fewer than 208 banks in Switzerland have completed the migration to the new ISO 20022 technology standard on schedule. This means all participants on the SIX Interbank Clearing payment system are ready for the next step: switchover of payment transactions for their business customers by the end of June 2018.

From this time onward, all payment transactions will be processed using only ISO 20022. SIX says this will make the process much easier for all market participants and will strengthen the competitiveness of the entire Swiss financial and economic centre.





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No fewer than 208 banks in Switzerland have completed the migration to the new ISO 20022 technology standard on schedule. This means all participants on the SIX Interbank Clearing payment system are ready for the next step: switchover of payment transactions for their business customers by the end of June 2018.

From this time onward, all payment transactions will be processed using only ISO 20022. SIX says this will make the process much easier for all market participants and will strengthen the competitiveness of the entire Swiss financial and economic centre.



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