In this insightful session, experts from RBC ClearTM and OpenText explored the evolving landscape of corporate treasury and payment integration, focusing on ISO20022. The panel discussed key onboarding challenges such as system compatibility, file formatting complexities and connectivity limitations that many corporates face today.
“The goal is to reduce friction between banks and their corporate customers, specifically around the data formatting.”
There was a strong emphasis placed on the importance of data rich environments and how ISO20022 can enable better reconciliation, reduce errors, and support real time decision making. The conversation also highlighted the critical role banks must play in education and guiding clients through these changes.
“ISO2002 allows companies to transform their data into insights, and also introduce new data fields that can be stored and mapped.”
As significant technology advancements continue there is a strong shift toward API connectivity and its potential to streamline ERP integration.
Lastly, the webinar highlighted how modern technologies such as AI, cross-border payments and real time treasury are shaping the future of cash and treasury management. ISO20022 is not just an innovative technology but a tool that allows corporates to be in full control of their capital and utilize their time more efficiently.
