Financial Technology

Taking Bank Statement Reconciliation to the Next Level

Is ISO20022 XML statement messaging the answer?

The adoption of ISO 20022 XML messaging in the payments and collections origination space has enabled the corporate community to enjoy the benefits of simplification through standardization. This article considers the challenges that currently exist in the bank statement reconciliation space and the experience of Itron, who are one of the early adopters of the ISO 20022 XML statement message — camt.053.

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