The FSB identifies the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) as best positioned to be the single International Governance Body (IGB) for the UTI and UPI
An interesting development in the financial world of data standards. The Financial Stability Board or FSB has promoted the LEI ROC to also be the governance body for Unique Transaction Identifiers (UTIs) and Unique Product Identifiers (UPIs). What does all this mean for the financial services industry?
Open banking, PSD2, digital ID – what do all of these have in common? They’re making financial transactions more efficient and safe. ISO 20022 is like the string that holds them all together – the standard language! Learn more about ISO 20022 in our guide. #Payments #Finance