International standard for general messaging in the financial industry, led by China, officially released
China has led the revision and official release of two international standards for financial messaging: ISO 20022-5:2026 and ISO 20022-7:2026. These standards focus on conceptual interoperability, reverse engineering, and registration within the financial industry. The announcement was made by CCTV News and reported by 36Kr. AI
IMPACT Establishes new global standards for financial data interoperability, potentially impacting AI applications in finance.