February 24th, 2022 - 08:44 GMT
UAE Banks Federation (UBF), the sole unified voice and representative of UAE banks, together with SWIFT, held a free-of-charge webinar for all the members of UAE SWIFT Users Community, to discuss the latest update on ISO20022 adoption programme, which will go live on 19 November 2022. This will be followed by a 3-year coexistence period with legacy SWIFT MT Standards, which will end in November 2025. Financial institutions will need to work on a complete plan for ISO-20022 adoption, including gathering of requirements, high-level design, budget, training, and a complete ...