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Universal financial industry message scheme

Name Universal financial industry message scheme
Also Known As ISO20022
Tags
  • Domain Specific
  • Payments Clearing and Settlement
Maintained By ISO
Licence Proprietary
Status In review

ISO 20022 is a multi part International Standard prepared by ISO Technical Committee TC68 Financial Services. It describes a common platform for the development of messages using: - a modelling methodology to capture in a syntax-independent way financial business areas, business transactions and associated message flows - a central dictionary of business items used in financial communications - a set of XML and ASN.1 design rules to convert the message models into XML or ASN.1 schemas, whenever the use of the ISO 20022 XML or ASN.1-based syntax is preferred.

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