Photo by Lior on Unsplash Standardised Trust community offers a handy ISO 20022 Address Transformer (and why It matters for payments) A practical tool for anyone dealing with structured address formatting in financial messaging It started with a simple need to transform an unstructured address available, according to November 2026 payment initiation and execution requirements,…
Photo by Etienne Martin on Unsplash With bank guarantee texts containing diverse clauses and long text passages, banks and guarantee beneficiaries alike could benefit from standardisation and structured data. This would reduce the instrument’s complexity and reduce unclarities. At minimum, it would reduce time spent on assessing whether a guarantee is aligned with the organisation’s…
Photo by Jan Tinneberg on Unsplash The Standardised Trust community was created in 2017 to address the Trade Finance interoperability challenge. The founders were a few Nordic large corporation representatives collected by SEB Finland. After writing the community White Paper, wherein the Trade Finance semantic model idea was presented and reasoned, the team started practical…
(Picture credit to Nik / Unsplash) Global Trade and Trade Finance digitalisation seems to be one of the biggest challenges in the financial services. We all know, it is the only way forward, yet the inertia on the market also pushes back very hard. And it is very understandable as the decades and, in some…
Photo by Tim Evans on Unsplash The new decade of 2020’s has just started. The last years of the previous decade were astonishing in terms of new technical opportunities emerging. Also the Financial Services industry started to adapt into the new technology both from regulative and strategic grounds enabling better Financial Service process support for other industries’ digital…
Dear Standardised Trust community followers and all others interested of Trade Finance digital transformation. It is now time to show some concrete results of the Standardised Trust community active members' work done for some months collectively. We decided to strive into the semantic model creation for the bank guarantees. A model that can be used…
In co-operation with Trade Finance Global and the Trade Finance Talks Issue #3. Read here the full article.
The Standardised Trust community aims to create a common semantics for Trade Finance to enable its interoperability and standardisation irrespective of any type of implementations or technology behind the implementations. This common goal was defined about two years ago in the community White Paper, still very valid nowadays. It took some time to expand the…