ISO 20022 is a global standard for electronic data interchange between financial institutions.
Bank of Uganda selects CMA to upgrade real time gross settlement (RTGS) system
CMA Small Systems has been chosen by the Bank of Uganda for an RTGS system upgrade. The upgrade will replace the legacy RTGS system with CMA's RTS/X platform.
Evolving South Africa’s Payment Ecosystem: Enhancing Security in a Complex Landscape
The South African payment ecosystem has become more dynamic and interconnected, enhancing financial inclusion and lowering payment costs. The migration to ISO 20022 is facilitating better communication between financial institutions, but regulatory challenges persist.
Kenyan Commercial Banks to Monitor Large Transactions Under New Regulations
Kenyan commercial banks are set to begin monitoring substantial cash deposits and transfers exceeding KES 1 million. The use of 'purpose of payment' (PoP) transaction codes is mandated, which could accelerate the adoption of ISO 20022 standards.
