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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, as well as the challenges involved in the transition, particularly with regard to the phasing out of the DTAZV and MT940 bank statement formats.
Kirsten Stahnke
109 views -
31 October 2023

ISO 20022 is the talk of the town – and hopefully also features on your treasury project plan. 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 payments 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.