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Financial Fusion targets ISO 15022 laggards

Financial Fusion, the US-based integrated financial solutions provider, has launched the ISO 15022 Accelerator Program, designed to help investment managers meet the November 16 deadline for ISO 15022 compliance.

Around 3400 investment managers are not yet compliant with the new securities message standard, says the company. In November Swift, the financial messaging co-operative, will switch off its existing ISO 7775 securities messages and securities industry participants will be able to communicate over the Swift network using only the ISO 15022 standard.

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