Priya PatelTLDR:
Coreum, a blockchain technology company, has launched its ISO 20022 Simulator and an exclusive pilot program for select financial institutions. This initiative aims to improve efficiency, interoperability, and clarity in financial transactions by adopting the ISO 20022 standard. It aims to address issues such as data inconsistency and cross-border communication barriers.
Key elements:
- Coreum has launched its ISO 20022 Simulator and an exclusive pilot program for select financial institutions.
- By adopting the ISO 20022 standard, Coreum aims to improve efficiency, interoperability, and clarity in financial transactions.
- The integration of ISO 20022 will address issues such as data inconsistency and cross-border communication barriers.
- Coreum offers seamless integration, global communication, automated precision, enhanced speed and reliability, and smart contract capabilities.
- The pilot program is designed to give financial institutions a firsthand experience of the transformative impact of ISO 20022 integration on financial messaging.
- Interested financial institutions can access the simulator and request more information to participate in the pilot program.
- About Coreum: Coreum is a third-generation blockchain tailored for enterprises, offering high throughput, cost-efficiency, and scalability.
Coreum, a blockchain technology company, has introduced its ISO 20022 Simulator and an exclusive pilot program for select financial institutions. The company aims to improve efficiency, interoperability, and clarity in financial transactions by adopting the ISO 20022 standard. This move is expected to address prevalent issues in the financial system, such as data inconsistency and cross-border communication barriers, by facilitating seamless integration between traditional financial systems and blockchain technology.
The integration of ISO 20022 brings several advantages to Coreum’s solution. First, it offers seamless integration with plug-and-play capabilities, making adoption effortless for financial institutions. Second, it establishes a universal standard for consistent and clear financial messaging, enabling global communication. Third, it streamlines processes and enhances accuracy with automated precision through structured data. Fourth, it ensures enhanced speed and reliability in transaction processing, guaranteeing rapid and reliable transactions. Finally, it enables sophisticated functionalities, including automated settlements, through smart contract capabilities.
Coreum’s pilot program invites select financial institutions to experience the transformative impact of ISO 20022 integration on financial messaging. Through this exclusive program, Coreum aims to demonstrate its commitment to enhancing the efficiency and security of global financial transactions. Financial institutions interested in participating in the pilot program can access the ISO 20022 Simulator and request more information through Coreum’s website. This unique opportunity allows financial institutions to shape the future of blockchain in finance.
About Coreum: Coreum is a third-generation blockchain designed for enterprises. It offers high throughput with up to 7,000 transactions per second and boasts ISO20022 compatibility interoperability through IBC and Smart Tokens. With WASM-based smart contracts and a low-latency PoS network, Coreum enables quick and secure application development, thereby advancing decentralized technology adoption in large organizations.
