ISO 20022 will be fully implemented by November 2025, yet many corporations, FIs, and fintechs lack clarity on its impact and technical needs. Resistance stems from low corporate demand, challenges updating file formats, and handling large data volumes. Corporates hesitate due to costs of ERP changes and the need for more granular data. ERP banking offers a solution by enabling direct bank access within ERP or TMS platforms via connectors, automating ISO 20022 message creation and exchange. Banks can drive adoption, helping clients unlock ISO 20022’s full value and mutual benefits.

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