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The concept of generating quantifiable revenue using payment data to make measurable business performance improvements and informed decisions within the financial industry is not new. 

However, there has been an explosion of interest in recent months as margin pressure and growing customer expectations, alongside ISO 20022 migration and the expansion of real-time payments infrastructure, combine to create new revenue opportunities. With many banks already embarking on payment data monetisation strategies, few can afford to be left behind.


With many banks already embarking on payment data monetisation strategies, few can afford to be left behind.

Financial Institutions succeeding in the digital age are often ones that have improved their data integration – going beyond simply collecting and mining data. 

Use cases are moving rapidly from a focus on tactical compliance and operational use cases towards enabling a range of new client-facing initiatives. Monetisation, whether direct or indirect, is becoming an increasingly important driver of these activities. 

Enterprises are integrating data from various, isolated silos to harness the data into business intelligence that can drive vital decision making and improve internal processes.

An ISO 20022 Native Data Platform

The ISO 20022 message standard delivers benefits to all users throughout the payments chain. In High-Value Payment Systems (HVPS) the benefits are realised by the financial institutions and their corporate clients who send and receive these messages. Over time, customers are expected to benefit from data-rich payments, more efficient and lower-cost payment processing, and enhanced customer services such as improved remittance services. 

A comprehensive end-to-end implementation by all participants is ultimately essential if all stakeholders are to benefit from the migration. This also means that companies need to act to address not only their processes and the format migration itself but also the accompanying changes regarding the structuring and generation of their data.

This implies multiple systems within a financial institution and a corporate will have to be upgraded to consume ISO 20022 data. This creates a direct dent in the budget as these updates will be in line with the global ISO 20022 plans.

Nucleus Enables banks to migrate to ISO 20022 standard and store rich information without forcing large-scale change and disruption. It is specifically designed to manage large and complex data sets in the cloud, integrating and enriching diverse data sources along with the payment processes.        

A highly responsive and reliable data platform, flexible across multiple cloud providers and delivering both the compliance that regulators demand along with the agility to enable financial institutions to build new services and data models. 

To leverage value from the large-scale external changes being implemented by SWIFT and other Market Infrastructures, financial institutions need to be able to

- Internalize the ISO 20022 data language and definitions.

- Update systems to be able to receive data as per ISO 20022 definitions.

- Capture payment metadata from payment messages.

- Extend rich contextual payment data to existing organisational systems that are not ISO 20022 native.

Without the right tools and data platform, it can be exceedingly expensive and complex.

Nucleus ISO 20022 Data Hub is the future of a Data-centric and Low-Cost approach to organisational message enrichment.

Nucleus is designed to store the data in ISO 20022 native format, enabling financial institutions and corporates to not only create paths for the new standard but also open opportunities for organizations to assess how to unlock the value of new, higher-quality payments data. This provides opportunities for more transparency, automation and new services — all fueled by the richer intelligence encased in the ISO 20022 format. 

And the benefits extend far beyond compliance. While standardization will make payment infrastructure more efficient, better data will deliver notable benefits across the global economy.

An Ideal foundational data platform for payments transformation through IBM Watson / Azure Applied AI and AWS Sagemaker services. Federate data to legacy (non-ISO 20022) environments.

Bridge the gap between legacy data platforms and ISO 20022 with the inbuilt translator is designed for FIs to accelerate value extraction from ISO 20022.

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