ISO 20022 & AI : Transforming banking ? Recent projections from McKinsey & Company underscore the transformative potential of AI in the banking sector. Paired with Swift’s use cases for ISO 20022, this suggests an intriguing synergy. On the left: McKinsey’s insights on AI’s value in banking. Find the full article here. On the right: […]
Read MoreData and AI trends 2024 April 23, 2024 1. Gen AI will speed the delivery of insights across organizations2. The roles of data and AI will blur3. AI innovation will hinge on strong data governance4. Operational data will unlock gen AI potential for enterprise apps5. 2024 will be the year of rapid data platform More […]
Read MoreISO 20022 – Data strategies April 22, 2024 ISO 20022 is reshaping the payments industry and potentially more. As it gains global adoption, leaders must strategically manage and leverage the rich, structured data it provides. Integrating with AI platforms will be crucial to stay ahead in the evolving industry. 🌐 Explore the articles we’ve published […]
Read MoreISO 20022 – The messaging of the Finternet ? April 16, 2024 A paper released today by the Bank for International Settlements – BIS describes the “financial system for the future,” called the Finternet, that would use unified ledgers as a vehicle. “This paper lays out a vision for the Finternet: multiple financial ecosystems interconnected with […]
Read MoreISO 20022 — Front-to-back-to-front April 12, 2024 For decades, the banking sector has been divided into two distinct realms: the glamorous front office, where savvy relationship managers woo clients and close deals, and the enigmatic back office, a complex labyrinth of data processing and business operations aimed at running the bank efficiently and with minimal risk. Traditionally, […]
Read MoreISO 20022 — Road to (data) riches March 15, 2024 Current context In March 2024, the entire SEPA (Single European Payment Area) is undergoing a significant upgrade, migrating from ISO 20022 version V02 to version V09. This updated standard is in line with the one getting adopted by Swift for cross-border payments, whose migration to ISO 20022 started […]
Read More5 reasons why you should adopt ISO 20022 now January 23, 2024 Spot on comments.. “Those that find the right formula for ‘refining’ the data will be the winners.” “Our ability to interrogate ISO 20022’s rich and structured data will streamline identifying these customers. It will revolutionise how we understand customer needs and enhance our […]
Read MoreISO 20022 — Address structuration January 02, 2024 A solved issue ? We observe that both state-of-the-art large language models (LLMs) such as GPT-4 and specialized packages combining machine learning (ML) and natural language processing (NLP) like Libpostal deliver quality results. Nevertheless, expanding the present evaluation to include additional real-life test data from financial institutions, validated with geocoding, […]
Read MoreISO 20022 — Navigating rich semantics December 13, 2023 Rich means complex Our recent article ISO 20022 — An enabler for AI (and BI) discussed the potential of ISO 20022 as a strategic data asset. We acknowledged the challenges posed by its complex structure and granular content, and we explored the essential components of a data pipeline designed to take […]
Read MoreISO 20022 : Widening the lens November 21, 2023 Industry collaboration in the fight against financial crime “There is space for more collaboration, which is legally permissible.” “Put all your efforts to structure your data and to share them with all others in the chain.” “What we are talking about here is the clarity in […]
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