bottomline.com EastWest Bank OBJECTIVES Ensure compliance with ISO 20022 messaging standards Minimise the impact of the transformation on their core banking system Adhere to the deadlines set by the Bangko Sentral ng Pilipinas MIGRATING TO PHILPASS PLUS AND ENSURING COMPLIANCE WITHIN THE BSP’S DEADLINES Among the central banks in APAC, there is a solid drive to adopt ISO 20022 – a messaging format set to change how Financial Institutions send cross-border payments and reporting instructions. Many banks worldwide have confirmed their commitment to support adopting this de facto messaging standard, setting live dates ahead of SWIFT’s Cross-Border Payments and Reporting Plus (CBPR+) milestone of November 2022. The Bangko Sentral ng Pilipinas (BSP) is leading the Philippines

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