Mastering ISO 20022: The big ISO 20022 changes to bank statements and reconciliation

When ISO20022 comes into force, bank statements are going to undergo one of the biggest transformations. Those single-line, 16-character references will be replaced by potentially hundreds of lines of data. With richer information, finance teams are expected to see improved reconciliation & enhanced fraud prevention capabilities.
We’ve talked about payments, but now it’s time to explore the impact on bank statements. Anish answers your most frequently asked questions:
What will bank statements look like under ISO20022?
How will all this additional data affect compliance?
What’s the difference between MT and CAMT?
Will it make reconciliation easier?