Windy City 2017 Summit Breakout Session on ISO 20022 and SWIFT Connectivity Will Demonstrate the Many Benefits of Moving to ISO, the Universal Financial Messaging Scheme
Warren Davey, Executive Vice President of GTreasury, and William Liu, Regional Manager for the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will demonstrate how ISO 20022, the universal financial industry message scheme, defines the platform and enables the streamlining of all communications, both domestic and cross-border, for financial institutions.
Attendees at this session will learn what ISO 20022 is, what market initiatives are currently adopting it in America and abroad, and how ISO can bring significant savings through higher STP rates and faster customer onboarding. ISO can also cut down on the time and effort required to design new business flows and new messages; it enables all people in design to speak the same business language.
Those who attend the session will also hear case studies of corporations using ISO 20022 in payments and treasury, and they will learn how to derive solid benefits such as automated processing of payments, automated reconciliation of payments and invoices, reduction of manual exceptions and the harmonization of diverse payment processes.
The Windy City Summit is presented by the Treasury Management Association of Chicago. GTreasury will exhibit at the summit in Booth #414. Those who are unable to attend the conference and wish to learn more about GTreasury solutions may click here for more information.
SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging, standards for communicating and we offer products and services to facilitate access and integration; identification, analysis and financial crime compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organizations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardized financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centers. For more information, visit www.swift.com
Originated in 1986, GTreasury is the global leader of treasury management solutions for organizations spanning the world. GTreasury’s solution illuminates a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities. This gives GTreasury practitioners real-time insight and access into their global liquidity. GTreasury is the only company that offers both an installed and a SaaS solution. Our modular platform and infrastructure allow any size treasury operation the ability to customize a solution that is best suited to their needs. For more information visit www.GTreasury.com