‼️HOW ISO 20022 IS FORCING BANKS TO MODERNIZE WITH DLT‼️

Many banks are struggling to keep up with the rapid changes in the payments landscape due to outdated legacy systems.

These systems, often over 20 years old and lacking proper documentation, create significant challenges for banks. As Walder explains, “Legacy is always an issue if you are a large company.”🎯

Despite the difficulties, there are still voices within banks claiming, “My system is working well, there’s no need to change it now.” However, initiatives like ISO 20022 are pushing banks to confront the reality of their outdated infrastructures.‼️

Banks must choose: continue to patch these old systems or upgrade to modern infrastructure capable of handling the demands of today’s financial ecosystem. 😮‍💨

The arrival of ISO 20022, along with the shift to real-time transactions and Distributed Ledger Technology (DLT) is not a coincidence.🙇‍♂️

This is a coordinated shift into a fully digital financial system.🌐

For the first time, DLT is enabling real-time value transfer within ISO 20022 messaging, making it possible to move value efficiently and transparently across networks. This shift is becoming a necessity for banks to remain competitive.☝️

Banks cannot continue relying on outdated systems. They must modernize and adopt DLT to meet the demands of ISO 20022 and stay compliant with evolving regulations.🔑

For investors, this shift presents a unique opportunity.

The future of financial services will be built on platforms that embrace ISO 20022 and DLT, creating a more efficient, transparent, and connected global payments network.🤝

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