Digital Transformation

Understanding ISO 8583 and ISO 20022

Understanding ISO 8583 and ISO 20022: Evolution and Application in Financial Messaging

Introduction:

NuWave Technologies acknowledges the significance of ISO 8583 and ISO 20022 in financial messaging standards, with ISO 8583 historically serving card-based transactions and ISO 20022 emerging as a comprehensive framework for various financial activities. The article explores their evolution, features, and applications, emphasizing their importance in modern financial ecosystems.

ISO 8583: The Foundation of Card-Based Transactions:

ISO 8583, developed by the International Organization for Standardization (ISO), defines the format and structure of messages in electronic financial transactions.…

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Working—and Thriving—in the Age of Digital Transformation

In the past decade, we’ve experienced a global acceleration of digital transformation as many things that we once did in-person are now routinely done online—communicating, shopping, dating, finding entertainment, and applying for jobs, to name a few. One area that has undergone a particularly dramatic change is employment as people’s desires (and fears) around working from home have been realized, either by choice or by mandate.
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Three Insights from the World’s Leading IT Organizations

IT is in a state of change on a consistent basis, but never more so than now. With the increasing importance of the digital customer experience across all industries, technology is at a new inflection point in how it can fundamentally impact executive priorities. And while nobody can speak for the direction of IT as a whole, there are a few resources so comprehensive that they’re worth reviewing when they’re released.
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Using HPE NonStop to Modernize and Compete in the Digital Age

I have to confess as a technology geek, I am fascinated by how we got to now. What came before has clearly laid the groundwork for today’s tech-driven business solutions. Decades of breakthroughs have enabled the speed, accuracy and reliability of today’s business processes that we often take for granted. These transformations have enabled companies to serve customers in new and exciting ways.…

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