⚠️ALERT: GLOBAL BANKING TRANSPARENCY

As of today, SWIFT (Society for Worldwide Interbank Financial Telecommunication) says that all messages about financial payments must only be sent in the ISO 20022 format. This format works with a number of payment and settlement methods, such as wire transfers across borders and securities transactions. This has an impact on over 11,000 banks, 200 countries, and $5–7 trillion worth of transactions every day.

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