Open finance is one step from open banking, opening up new products and services beyond banking to consumers. In Italy, CBI, a company of banks and intermediaries, is working diligently to develop technology-enabled value-added services that will usher payments and banking into a new realm of possibilities efficiently and securely.
Consumers increasingly prefer real-time payments options, and the advent of ISO 20022 will only accelerate adoption of this instant, seamless payment solution.
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
<p><b>Buy-in reporting messages developed by KDPW have been successfully approved by ISO20022. As the first messages ever to be registered, they set the buy-in reporting standard, developed from scratch on the initiative of KDPW in ISO20022. The standard defined by KDPW and approved by ISO20022 will apply internationally.</b></p>