With many banks already embracing data monetization strategies, few can afford to be left behind. The information in payment messages or in transaction records can deliver enormous value for the bank and its customers. From operational efficiency gains, enhanced customer value propositions and new revenue streams for the bank.

Ever wondered how top financial institutions maintain impeccable accuracy in their payment systems amid a rapidly changing global landscape? Here’s the biggest secret about Reconciliation and Investigation no one has told you.

Global regulatory requirements and constantly increasing transaction volumes demand greater operational efficiency and risk management. Financial institutions need efficient Reconciliation and Investigation capabilities to reduce financial risk. These capabilities help identify payment errors, discrepancies, or irregularities early in the payment process.

The race to adopt ISO 20022 for Swift cross-border payments and reporting messages has started and must be completed by November 2025.