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Encyclopedia

International Monetary Fund (IMF)

What is International Monetary Fund The IMF is an international organisation with 190 member states, which builds a framework for international economic cooperation intended to achieve sustainable growth and prosperity for all of its members.  The group is financed by its members through their subscription. The pool of funds acquired is used for organisational matters

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ISO 20022

ISO 20022 – new global transaction standard for financial institutions ISO 20022 is an international standard for exchanging electronic messages between financial institutions, which is implemented through SWIFT (Society for Worldwide Interbank Financial Telecommunication). ISO 20022 is the successor to ISO 15022 and is based on the XML language, making it easy to process and

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