The dilemma with harmonization

It is the second time that the financial center has taken the pulse of the Swiss economy that is in the midst of changing to ISO 20022. According to the latest nationally representative survey, there is a high level of satisfaction with Swiss payments. Although encouraging, this finding is also somewhat problematic, because those who are satisfied are not keen on making changes. The Swiss payments’ harmonization on the basis of ISO 20022 is a change, though – and suffers precisely from this dilemma.

Read about this and more in the Swiss professional journal for payments, clearit:  

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Is ISO 20022 really a standard?
A global standard that would make all software work with every bank on this planet? An analogy with toy brick houses sheds the right light on ISO 20022.

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Attacks might be lurking anywhere, anytime
The threat of cyberattacks has never been more pressing. Read how banks can guard against them and how EBICS makes customer/bank communication channels more secure.

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e-bill becomes eBill
Credit Suisse is one of two pilot banks that will use the shared SIX Payment platform starting in February 2018 with the new eBill. Alain Schmid, Head Payment Services, explains the motivations.