ISO 20022 is a global standard used to facilitate electronic data interchange between financial institutions.

Benefits

It provides many benefits not limited to

• Flexibility - adapt to changes, technology changes and innovation
• Harmonisation - across payment systems round the world
• Compliance and regulation - structured data makes it easier to detect fraud and prevent financial crime
• Efficient routing and increased resilience
• Increased straight-through processing rates
• Richer data - for improved decision making

Checklist

• Google Cloud Accounthttps://cloud.google.com/iam/docs/creating-managing-service-account-keys
• Google Cloud CLI
• Dockerized Application, see part 1 of this article

I am working on developing a rules engine designed to handle ISO20022 standard payment (SWIFT) and securities messages. It handles parsing, validation and enrichment of message and provides business users access to these features via a simple English like DSL. More about this later.