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VDT Online Event: ‘ISO 20022 is coming – DTAZV and MT940 are being phased out’


 
This article is for members only.
In this online event on ISO 20022, we will discuss the new opportunities and the challenges involved in the transition, particularly the phasing out of the DTAZV and MT940 bank statement formats.
Kirsten Stahnke
108 views -
31 October 2023

ISO 20022 is on everyone’s lips – and hopefully on your treasury project plan too. The international ISO 20022 format for payment orders and account statements is partly familiar from SEPA. Banks around the world are now switching their entire payment processing to this standard, and the migration from SWIFT formats will be complete by the end of 2025.

 

In this online event, we aim to discuss the new opportunities, as well as the challenges, associated with the transition – in particular, the phasing out of the DTAZV and MT940 bank statement formats. Furthermore, we would like to highlight the options that the recently announced Swift ISO formats will offer to corporate customers.