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For decades, Financial Services Industry (FSI) organizations have been relying on various messaging standards to send and receive payments. For example, credit card payments leverage ISO 8583, cross-border payments have been relying on ISO 15022, while various depository institutions or market payments operators have developed their own proprietary messaging standards. FSI organizations are adopting an industry-standard messaging format with the introduction of ISO 20022, which is a common data dictionary across major FSI domains, such as payments, securities, trade, foreign exchange, and many more. This post walks you through an open-sourced implementation of an Event-Driven Architecture for ISO 20022 Messaging Workflows on AWS.
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