5 things you should know about ISO 20022 | The Future of Payments in 100 Seconds

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  • Опубликовано: 28 авг 2024
  • 📌RedCompass Labs helps financial institutions deliver profitable, secure, end-to-end payment and financial crime services and solutions. Find out how: www.redcompass...
    NOTE: This video was recorded before SWIFT's and the ECB's decision to postpone ISO 20022 migration. To stay up to date with the latest developments, make sure to check our infographics: blog.redcompas...
    By November 2021, all banks directly connected to EURO 1/STEP 1 and TARGET 2 will have to migrate to ISO 20022. What does this mean for banks, and how should they prepare for the transition? Here are five things banks should do to ensure a successful migration to ISO 20022.
    0:23 - If you want to skip directly for only the 100 seconds, please go to this timestamp
    To learn more about ISO 20022: blog.redcompas...
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    #iso20022 #100seconds #futureofpayments

Комментарии • 73

  • @I_Trade_Negative_RR
    @I_Trade_Negative_RR 3 года назад +90

    XRP babbbby cmon boys

    • @4biddenknowledge108
      @4biddenknowledge108 2 года назад +1

      Centralized crap coin good look with social credit score

    • @4biddenknowledge108
      @4biddenknowledge108 2 года назад +2

      @@I_Trade_Negative_RR try 3 layers joker

    • @ShadowTwister28
      @ShadowTwister28 2 года назад +2

      @@I_Trade_Negative_RR it's pathetic you both even get emotional over 1s and 0s on a screen lmao. Like XRP is gonna have feelings for what you say. Get real lives

    • @ShadowTwister28
      @ShadowTwister28 2 года назад

      @@4biddenknowledge108 pathetic you both even get emotional over 1s and 0s on a screen lmao. Like XRP is gonna have feelings for what you say. Get real lives

    • @aaronwilkinson7477
      @aaronwilkinson7477 Год назад

      Lol all these naysayers. My bags are full man. X

  • @lordspork7524
    @lordspork7524 3 года назад +61

    XRP GANG

  • @PumpkinSeries
    @PumpkinSeries 2 года назад +10

    Five years is a good timeline for me to HODL. Especially since I’m waiting 10 years-the average time that investors hold assets as to not lose ANY money.

  • @goldnutter412
    @goldnutter412 4 года назад +10

    Great to see videos like this, loads of people across the world dont even know this thing is happening ! outstanding work by SWIFT and those involved in Innotribe etc :) onward toward a digital world and being better to each other

    • @redcompasslabs
      @redcompasslabs  4 года назад +2

      Thank you Gold Nutter! You are right. ISO impacts the full payment end-to-end processing chain, from the core payment engine to the sanction and accounting system. Plus, it impacts the high-value schemes where banks cannot afford to make mistakes. In a way, one of our industry's key challenges is to make innovation in payments happen without impacting customers. So, a real "tough nut to crack" for banks! :) We have a new video coming next week on ISO 20022 [slightly more technical this time]. Let us know what you think! :)

    • @penfold76
      @penfold76 Год назад

      and control

    • @deedetres703
      @deedetres703 Год назад

      yes it truly gets the professional class and integration specialists up to speed!

    • @bonginkosilenny3019
      @bonginkosilenny3019 Год назад

      Blessed we r to acknowledge and anticipate the shift . Hopefully my finances will reflect positively as we go along . XRP army RSA

  • @adenali5
    @adenali5 2 года назад +12

    Quant will be the future

  • @Sage.photogrphy
    @Sage.photogrphy Год назад +8

    No thank you I think we should all just go back to the gold standard we don’t want your modern slavery on to us

  • @DIGTHEVOICE
    @DIGTHEVOICE 2 года назад +20

    Are you going to discuss the ISO20022 APPROVED BLOCKCHAIN projects like XRP, ALGO and XDC

    • @PumpkinSeries
      @PumpkinSeries 2 года назад +11

      He probably can’t.
      But it should be obvious. They don’t need to say anything to us, but we obviously know.

    • @EmilSosnin
      @EmilSosnin 2 года назад +8

      XDC GANG 😎

    • @MisterW-24
      @MisterW-24 2 года назад +9

      XLM too

    • @Marvin-pq1qt
      @Marvin-pq1qt 2 года назад +8

      XRP Gang

    • @quantumtrapz
      @quantumtrapz Год назад

      Its almost time 😊

  • @TheFunLuvnCRIMINAL
    @TheFunLuvnCRIMINAL 2 года назад +9

    Xrp

  • @albretowilson9354
    @albretowilson9354 2 года назад +6

    XLM

  • @sofuno863
    @sofuno863 2 года назад +6

    XRP

  • @datatime7916
    @datatime7916 4 года назад +3

    Hello redCompass, i want Thank you for your simply and interesting explanation of the ISO20022, but let me give you an advice. Your cover for videos are cool but could you please make down of the cover some color that is in contrast with red color, because when i want see your other videos, i lost in the order of videos. I didnt understand which videos i alredy saw. Good Luck!

    • @redcompasslabs
      @redcompasslabs  4 года назад

      Hi! Thank you for the feedback and for watching our videos! We'll surely pass it on to our team. Thank you again and have a great day!

  • @bxmully
    @bxmully 2 года назад

    Thank you so much!

  • @David19800617
    @David19800617 3 года назад

    Good video, well done!

    • @redcompasslabs
      @redcompasslabs  3 года назад

      Thank you so much, David! If you have any more feedback on the rest of our videos, we would love to hear it!

  • @vbgsantander
    @vbgsantander 2 года назад +1

    Lol everyone talking about crypto like XRP etc. Only seems like they are compliant and it doesnt mean anything until they choose one chain that can handle the speed etc. or am I wrong?

    • @seanarmstrong8497
      @seanarmstrong8497 Год назад +1

      They need many chains to handle the transactions per second. Not one doing it all👍

  • @gotechkey1185
    @gotechkey1185 2 года назад +2

    I didn't get the COVID-19 part??? 😕 Confused 🤔

    • @bikash31
      @bikash31 Год назад

      He just said how the globalists are using covid 19 as a tool to fast forward their agenda of a fully digital world with no hard cash. Welcome to full fledged slavery of humanity.

  • @patentexperts1675
    @patentexperts1675 2 года назад +4

    Is HBAR ISO 20022 compliant and approved?

    • @wolfseye1
      @wolfseye1 2 года назад +2

      Ada and hbar are included following yahoo news

    • @patentexperts1675
      @patentexperts1675 2 года назад +1

      @@wolfseye1 Please let us know the Yahoo News Link or story.

    • @seanarmstrong8497
      @seanarmstrong8497 Год назад +1

      Hbar, XLM, XRP, XDC,IOTA, ALGO all ISO 20022

    • @jl3268
      @jl3268 8 месяцев назад

      These are all NFTs operating illegally and in violation of patent laws. @@seanarmstrong8497

  • @sudheerreddymarreddy6903
    @sudheerreddymarreddy6903 3 года назад

    Thank you

  • @TheYear-tl6dn
    @TheYear-tl6dn 2 года назад +7

    XRP.

  • @bulkmeup3376
    @bulkmeup3376 Год назад

    What's Best for putting Cash? Someone please tell me

    • @christ4u2now
      @christ4u2now Год назад +1

      I can't be 100% sure since cryptos can also be a risk, but since I have studied the subject a lot, I would say Gold and Silver, but also in the cryptos XRP and XLM.

  • @Dc-wk1jq
    @Dc-wk1jq 2 года назад +3

    XRP 💥💥💥

  • @YouthPowerWisdom
    @YouthPowerWisdom Год назад

    XRP/XLM/ALGO/HBAR/QNT/IOTA - these are the few digital assets that are ISO20022 compliant, feel free to add if i missed any future digital assets that'll be integrated into the new quantum financial system.

    • @ronnie3067
      @ronnie3067 Год назад +2

      Xdc

    • @jl3268
      @jl3268 8 месяцев назад

      PROOF??

    • @jl3268
      @jl3268 8 месяцев назад

      @@ronnie3067 NO PROOF

  • @cryptotainment2351
    @cryptotainment2351 3 года назад +2

    😎🙏💎📈🥂🔥

  • @andyjohnson9402
    @andyjohnson9402 Год назад

    XRP, XLM.

  • @szerelem5740
    @szerelem5740 3 года назад +4

    this wasn't any useful explanation

    • @redcompasslabs
      @redcompasslabs  3 года назад +3

      Hi Szerelem, thank you for your feedback. What type of information on ISO 20022 were you looking for? Maybe you could find our infographics or articles more helpful.

  • @Ampermetras
    @Ampermetras 2 года назад

    Banks have positive outcome from c0v1d. "Well done".

  • @williamwallacex45
    @williamwallacex45 Год назад

    MARTINA FROM SAINSBURYS, IF YOU SEE THIS MESSAGE CONNECT WITH ME AND I'LL SHOW YOU WHAT TO RESEARCH

  • @dola7207
    @dola7207 Год назад

    Do La
    vor 0 Sekunden
    en.m.wikipedia.org/wiki/ISO_20022# new coin on iso20022 XEP wow

    • @jl3268
      @jl3268 8 месяцев назад

      Not a legitimate source for facts.

  • @KG007patty
    @KG007patty 2 года назад +7

    XRP