What is money?

It is August and it is back to school time of the year so what could be better for a blog post then looking a little bit of the history of money and what characteristics we expect from it such as a medium of exchange, store of value and unit of account.

ISO20022 – The good, the bad and the ugly

ISO20022 is a system for sending messages in XML format used by financial institutions around the world. It was invented by SWIFT and published as an ISO standard in 2004. It was initially intended for cross border communication but, over time, has been adopted for domestic financial communication as well.