The days of ‘pay and pray’ are over. A new normal of fast, transparent international payments has begun as companies around the world embrace SWIFT’s global payments innovation (gpi).

The time has come to examine exactly how adoption of the ISO 20022 messaging standard will happen. To make the process as smooth as possible, banks need to understand the scope of changes required, secure resources and plan their implementation projects, according to Saqib Sheikh, global head of the ISO 20022 programme at Swift.