SWIFT launches ‘ISO 20022 For Dummies’

Amsterdam - 26 October 2010

– New book reinforces SWIFT’s commitment to ISO 20022

Today, SWIFT announced the launch of the ‘ISO 20022 For Dummies’ book, created in cooperation with John Wiley & Sons, the publishers of the world’s bestselling knowledge reference brand, and ISO, the International Organization for Standardization.

The ‘For Dummies’ book aims to increase awareness and understanding of ISO 20022 and its benefits. With this book launch, SWIFT reinforces once more its commitment to the ISO 20022 standard.

Speaking at the Standards Forum at Sibos, the world’s premier financial services event, Jamie Shay, Head of Standards, SWIFT, commented, “ISO 20022 creates profound benefits for the financial industry. We hope this publication will demystify ISO 20022 and encourage take up of the standard worldwide. The interest and enthusiasm shown by our customers and partners for this first-ever official ISO 20022 reference guide is extremely encouraging.”

The ISO 20022 standard provides the financial industry with a common platform for the development of standardised messages. It realises end-to-end processing across domains and geographies that currently use vastly different standards and information formats. Its key benefits are improved straight-through processing, reduced cost of development and maintenance through simpler system integration, accelerated market harmonisation, industry wide interoperability, and a common foundation for constructive competition among service providers.

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