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RedCompass Labs Insights

Retail Central Bank Digital Currencies (CBDC): Should banks start getting ready for them?

  These days, it is almost impossible to look at the financial services industry news or attend a webinar without Central Bank Digital Currencies (CBDCs) being mentioned. It looks like it is not a question of “if” anymore, but “when” CBDCs will happen. But what is behind this surge of interest by all the main central...
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Combination Of Data Analytics and ISO 20022 for an Inclusive and Profitable Banking

In our guest blog on Volante Technologies website, RedCompass Labs' Head of Payments Strategy, Julie Guetta, discusses the implications of banks' migration process from the MT payment message standard to the ISO 20022 format on the unbanked people. 
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ISO 20022: why you need advanced data-led technology in your testing

Over the next five years, as central banks across the globe upgrade their settlement platforms to handle ISO 20022 financial messaging, the banks participating in these settlement networks will have a massive workload on their shoulders. Testing these changes will be extremely challenging and critical for banks. Many of...
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ECB delays, but banks are not off the hook: ISO cannot wait until 2022

On July 28th, the European Central Bank (ECB) announced its decision to extend the timeline of the TARGET2 and TARGET2-Securities consolidation project – and therefore the ISO 20022 migration programme for TARGET2 – by one year, indicating November 2022 as the new deadline. While some may think that the announcement has...
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ISO 20022 Infographic: A guide to the migration journey

ISO 20022 is redefining the world of payments. But what is ISO 20022 and why so many countries and regions have been adopting it? We have created an infographic to help you answer these questions and more.
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9 tips you should know before migrating to ISO 20022

ISO 20022 is the new industry buzzword. And with a reason. Within the next five years the most important payment infrastructures in the US, Europe, UK, and the Nordics –just to name a few–will migrate towards ISO 20022. The move will dramatically impact the financial institutions active in these regions but also their...
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Sibos 2019: takeaways on the future of banking

Sibos 2019 has now closed its doors but its echo will resonate for months! This year, the leading payments conference focused around the theme “Thriving in a hyper-connected world” and brought together experts from all over the world. While we prepare for the next key appointments of the year, including Singapore...
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