The repository contains a huge amount of financial services metadata that has been shared and standardized across the industry.
The report concluded that the Federal Reserve should push for ISO 20022 adoption within the United States financial system.
[3] The Reserve Bank of New Zealand plans to support ISO 20022 from November 2022 onward.
[4] Nordic countries launched the P27 payment platform, but that initiative eventually failed in 2023.
[6] In the United States, The Federal Reserve's FedNow instant payments service uses ISO 20022 messaging.