Question 1

What is ISO 20022 and how does Payment Labs help with migration?

Accepted Answer

ISO 20022 is the new global standard for payment messaging that enables richer data exchange and improved interoperability. Payment Labs provides both advisory services and software solutions to help financial institutions plan, implement, and operationalize ISO 20022 data standards.

Question 2

What services does Payment Labs offer?

Accepted Answer

Payment Labs offers two core services: (1) Advisory—strategic consulting on payment infrastructure, regulatory change, ISO 20022 migration, Open Finance implementation, and digital transformation; and (2) Software Platform—technology solutions that improve payment-data quality, strengthen operational controls, and automate compliance.

Question 3

What is Open Finance and how can it benefit my institution?

Accepted Answer

Open Finance extends Open Banking principles to enable secure data sharing across financial services through APIs. Payment Labs helps banks and fintechs build Open Finance capabilities that improve customer experiences, enable new revenue streams, and create scalable API connectivity while maintaining regulatory compliance and data security.

Question 4

What are agentic payments and how do they work?

Accepted Answer

Agentic payments are AI-driven payment systems where autonomous agents can execute financial transactions on behalf of users or businesses. Payment Labs builds governance frameworks and control infrastructure that make these AI-powered payments policy-driven, auditable, and secure—enabling the next generation of automated financial operations.

Payment Labs - Bridging Traditional Payments & Next-Gen Financial Infrastructure

Payment Labs -
Bridging Traditional Payments & Next-Gen Financial Infrastructure