ABeam Consulting (USA) Ltd. and Millennium EBS Establish Strategic Collaborations to Expedite ISO 20022 Implementation

Core Insights - ABeam Consulting (USA) Ltd. and Millennium EBS have formed a strategic collaboration to promote the Millennium EBS Payment Hub: ISO 20022 Transformer, aimed at providing banks and financial institutions with a solution for ISO 20022 compliance [1][2][5] Group 1: Collaboration and Offerings - The partnership combines ABeam's expertise in business and digital transformation with Millennium EBS's advanced payment technology, facilitating a streamlined approach for financial institutions [1][5] - The ISO 20022 Transformer enables seamless integration with legacy systems, ensuring compliance with evolving regulations and enhancing data quality and process efficiency [2][4][9] Group 2: Company Background - ABeam Consulting has over 42 years of experience and operates in 36 countries, serving more than 750 clients globally, with a reported revenue of $1 billion for fiscal year 2024 [8][10] - Millennium EBS, a subsidiary of BlueOne Card Inc., has over two decades of experience in delivering reliable payment solutions tailored to the needs of modern financial institutions [11] Group 3: Benefits of the ISO 20022 Transformer - Financial institutions can achieve greater operational efficiency across domestic and cross-border payments [6][9] - The solution ensures regulatory compliance with ISO 20022 standards and migration timelines, while also improving transaction transparency and data quality [9]