ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, has announced that Raiffeisen Bank International (RBI) has implemented ION’s new ISO 20022 solution. A leading corporate and investment bank in Austria and Central and Eastern Europe (CEE), RBI selected the solution to help it meet the new TARGET2 and SWIFT CBPR+ ISO 20022 initiatives. ION’s ISO 20022 technical messaging system helps users to navigate the transition seamlessly. Equipped with this solution, RBI can now process settlement requests both from ION’s existing WSS FX and other back-office applications across the bank. Supporting the rich and structured data in ISO 20022 messages, the new messaging hub will provide a more efficient end-to-end payments experience for RBI’s clients. Eugene Markman COO of ION FX, said: “Through working with RBI on their ISO 20022 strategy for the past two years, we understand the challenges this new messaging format presents. Designed to address these concerns, our ISO 20022 solution will help RBI and other clients meet the new requirements, realize additional settlement opportunities, and pave the way for a more standardized, efficient payments landscape.”
