Thanks to all the ISSA ISO 20022 working group members that contributed and helped pull this paper together! Colin Parry Jean-Paul Lambotte and Alex Dockx will be discussing the recommendations in a panel at the Standards Forum which Swift is hosting in London next week.
ISSA would recommend this report is read by those contemplating and planning a market adoption of ISO 20022 for all, or any, areas of securities services for the market they operate in. Enjoy reading.
Payment modernization, faster payments, Banking as a Service, FedNow, RTP, ISO 20022, Open banking, Bank Transformation. VP - Marketing
Got some spare time today? Don't miss this awesome discussion on strategically preparing for the upcoming ISO 20022 standards for Fedwire. #iso20022 #fedwire #paymentinnovation #banktransformation
✅Free Resource alert! Organizations using ISO 9001 can benefit by migrating to industry-specific versions of the standard, like 13485. Download our case study to learn how companies can benefit from upgrading standards. https://bit.ly/41b5LPy
Update to ISO 55001 - what is changing in 2024? ⏳ ISO 55001 was first published in 2014 and will be updated later this year. Changes to the standard have been made using 10 years of feedback and experience from over 30 different countries. 🆕 ISO 55001: 2024 incorporates new and clearer requirements on decision-making, value, AM planning, risk, data and operations. These changes maintain the relevance of the standard to modern organizations. 🗝 These changes reflect the updated key principles associated with asset management – value, alignment and leadership. 🎯 They also reflect the outcomes organizations seek to achieve from asset management – assurance, adaptability and sustainability. ☀ Additional content or simplifications have been incorporated to clarify the clauses where needed. 📰 The TC251 Committee will provide further updates on changes to the 5500x series on this page. #ISO55000 #ISO55001 #TC251 #assetmanagement #managementsystems
Changes to 🆕 ISO 55001:2024 maintain the relevance of the AMS to modern asset-intensive organizations.
Update to ISO 55001 - what is changing in 2024? ⏳ ISO 55001 was first published in 2014 and will be updated later this year. Changes to the standard have been made using 10 years of feedback and experience from over 30 different countries. 🆕 ISO 55001: 2024 incorporates new and clearer requirements on decision-making, value, AM planning, risk, data and operations. These changes maintain the relevance of the standard to modern organizations. 🗝 These changes reflect the updated key principles associated with asset management – value, alignment and leadership. 🎯 They also reflect the outcomes organizations seek to achieve from asset management – assurance, adaptability and sustainability. ☀ Additional content or simplifications have been incorporated to clarify the clauses where needed. 📰 The TC251 Committee will provide further updates on changes to the 5500x series on this page. #ISO55000 #ISO55001 #TC251 #assetmanagement #managementsystems
Greatly looking forward to the ISO 55001 update due out later this year. Another big advancement is the introduction of asset management decision making architecture through a framework lens. #assetmanagement #iso55000 #iso55001
Update to ISO 55001 - what is changing in 2024? ⏳ ISO 55001 was first published in 2014 and will be updated later this year. Changes to the standard have been made using 10 years of feedback and experience from over 30 different countries. 🆕 ISO 55001: 2024 incorporates new and clearer requirements on decision-making, value, AM planning, risk, data and operations. These changes maintain the relevance of the standard to modern organizations. 🗝 These changes reflect the updated key principles associated with asset management – value, alignment and leadership. 🎯 They also reflect the outcomes organizations seek to achieve from asset management – assurance, adaptability and sustainability. ☀ Additional content or simplifications have been incorporated to clarify the clauses where needed. 📰 The TC251 Committee will provide further updates on changes to the 5500x series on this page. #ISO55000 #ISO55001 #TC251 #assetmanagement #managementsystems
In reality many businesses don’t realise that their certificate is not valid until they get to Tender/due diligence stage. I.e. they don’t know what they don’t know until it’s too late. To check if your cert is actually valid or holds weight in the global marketplace - check this link here https://lnkd.in/eA_eiTWS or check out our blog on the ISO certification process. Link in my profile!
Software Engineer | O'Reilly Author | Financial Data Management and Technology
ISO 20022 is a highly promising standard designed to standardize communication in financial markets, offering a newer, richer, and more flexible framework. However, developing the standard is only part of the challenge. The other critical aspect is achieving global adoption in a harmonized manner. Financial institutions and market infrastructures may implement ISO 20022 differently, leading to inconsistencies that can disrupt seamless communication. While several initiatives have been launched to harmonize market practices around ISO 20022, the issue remains ongoing, requiring the consistent adoption of unified practices across the industry. For deeper insights, check out the paper below which I recommend #iso20022 #financialmarkets #standardization
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Asset management domain expert committed to taking the fun and excitement out of asset management. Three decades of international standards, enterprise advisory, digital solutions, and implementation experience.
The asset management community around the world should be pleased with the revision of #ISO55001. The addition of key clauses and the emphasis on asset management decisions makes for a very robust system standard.
Update to ISO 55001 - what is changing in 2024? ⏳ ISO 55001 was first published in 2014 and will be updated later this year. Changes to the standard have been made using 10 years of feedback and experience from over 30 different countries. 🆕 ISO 55001: 2024 incorporates new and clearer requirements on decision-making, value, AM planning, risk, data and operations. These changes maintain the relevance of the standard to modern organizations. 🗝 These changes reflect the updated key principles associated with asset management – value, alignment and leadership. 🎯 They also reflect the outcomes organizations seek to achieve from asset management – assurance, adaptability and sustainability. ☀ Additional content or simplifications have been incorporated to clarify the clauses where needed. 📰 The TC251 Committee will provide further updates on changes to the 5500x series on this page. #ISO55000 #ISO55001 #TC251 #assetmanagement #managementsystems
Do you want to maximize efficiency and prevent asset failure? The solution is found in ISO 55001:2014. It assists companies in efficiently managing their assets thanks to its all-encompassing strategy. Bid farewell to unscheduled downtime and welcome to greater profits. #ISO55001 #assetmanagement
Looking forward to the Swift panel (and even more to hearing the rest of the industry experts during the day) next week.