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The Evolution of Payment Data: Why ISO 20022 Conversion Is a Game-Changer

The Evolution of Payment Data: Why ISO 20022 Conversion Is a Game-Changer

The introduction of the new camt.053 and camt.052 formats brings significant advantages for processing and analyzing your payment data, yet it also requires adjustments to your current systems and processes. Built on the ISO 20022 framework, these XML-based formats replace the older MT940 (daily statement) and MT942 (intraday movements) formats.

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