ISO 20022 – standardization for financial institutions
Not all processes are created equal and with international business, just like with languages, processes and terminology can be misunderstood or misaligned. The ISO 20022 standard offers a single approach for methodologies, processes, and repositories to be used by all financial institutions to standardize their data interchange on an international scale to realize end-to-end processing across domains and geographies.
ISO 20022 adoption simplifies your global business communication
When considering ISO 20022 implementation it should not be seen as merely conforming to a standard. It provides a global dictionary of common language that everyone can understand which means mean information can be processed worldwide and it will dramatically improve your global business processes. With clear and consistently understood data it is easier than ever to communicate financial information between people and systems.
Data-driven process analysis
Payment processes were cataloged and mapped providing a graphical visualization of interconnections between processes and data across multiple business lines.
ERSTE GROUP CUSTOMER STORYISO 20022 and Accurity – the benefits
Streamlined communication
ISO 20022 streamlines communication for payments, securities, funds, foreign exchange trading, and credit sectors
Reduced risk
Common understanding leads to effective communication and makes doing business a lot easier and far less risky.
Consolidated view
With Accurity Glossary you can get a consolidated view of processes and data in an understandable and easy to share way.
Reduced manual overheads
Using Accurity Glossary to meet ISO 20022 standards you can dramatically reduce inefficiencies in manual analysis of processes and data, prior to IT projects commencing.
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Accurity is an effective data intelligence platform
Business glossary and data catalog
Harmonize your data to provide a common understanding among business units. Fulfill regulatory requirements and enable the business to make better use of data. Support your data governance processes and achieve cost savings when starting new projects or onboarding new personnel. Improve traceability without complex IT solutions via simple impact analysis and data lineage.
Data quality and data observability
Enhance your regular data quality measurements and reporting using business-defined checks and rules. Improve your decisions based on accurate data with rapid discovery and triggering of new issues. Be in control with reporting dashboards, scorecards, and trends over time.
Reference data management
Reduce your costs by maintaining reference data in one system. Easily identify and address the impact of changing reference data content on other reference data entities. Produce consolidated reports quickly by having all reference data in one place. Remove redundant IT implementations normally needed for reference data maintenance across multiple systems.
What our customers say
Accurity Glossary is the cornerstone of our Data Governance strategy. It is helping to disseminate the data governance culture throughout BRD pushing people to think about data quality, trustability, definitions, and usability."
Daniel Marin
Chief Data Officer
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