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Blueone Card Inc. Subsidiary Millennium EBS Partners with DFCC Bank in Sri Lanka to Implement ISO Transformer Solution
Globenewswire· 2025-11-11 19:00
Core Insights - Blueone Card Inc.'s subsidiary, Millennium EBS Inc., has signed an agreement with DFCC Bank in Sri Lanka to implement an advanced ISO Transformer solution for SWIFT messaging [1][2] - This collaboration follows the successful implementation of the ISO Transformer for Real-Time Gross Settlement (RTGS) systems in 2024, showcasing Millennium's expertise in financial integration technologies [2] - The ISO Transformer platform facilitates message translation and integration between legacy systems and the ISO 20022 standard, aiding financial institutions in modernization, regulatory compliance, and cross-border payment efficiency [3] Company Overview - DFCC Bank PLC is a leading commercial bank in Sri Lanka, established in 1955, and is publicly traded on the Colombo Stock Exchange, offering a comprehensive range of banking services [4] Strategic Focus - The partnership with DFCC Bank aligns with Blueone Card Inc.'s strategy to expand its global presence in financial technology infrastructure and enhance its role in the payments modernization landscape across Asia [3]
Broadridge Successfully Delivers ISO 20022 Cash Messaging Capabilities for its Post-Trade Clients
Prnewswire· 2025-09-25 07:00
Core Insights - Broadridge Financial Solutions has successfully implemented full ISO 20022 cash processing capabilities for its global bank and broker/dealer clients, positioning them ahead of the November 2025 Swift Standard Release [1][2][4] Group 1: Implementation and Strategy - The transition to ISO 20022 represents the most significant change in Swift messaging in over 20 years, and Broadridge has de-risked this transition for clients while minimizing implementation costs [2][4] - Broadridge's implementation strategy focuses on creating a foundation for future enhancements, ensuring clients are prepared for potential expansions of the ISO 20022 standard [3][4] Group 2: Market Position and Impact - With the November 2025 deadline approaching for the discontinuation of ISO 15022 payment messaging formats, Broadridge's timely preparation highlights its role as a trusted partner in critical market infrastructure transitions [4] - Broadridge processes over 7 billion communications annually and supports daily average trading of over $15 trillion in various securities globally, underscoring its significant impact on the financial services industry [6]