As I noted, the upgrade of the system's protocol to ISO20022 provides an opportunity with immense potential - for advancing it, improving the consumer's user experience for both business and private customers, adding an immense amount of tremendously valuable - and no less important, structured-information with every financial transaction.
We believe that with the cooperation of the entire financial ecosystem in Israel, we will properly implement the standard in a way that the changes and business advantages will be significant. 2/2  BIS - Central bankers' speeches