XML guidelines in ISO 20022 messages : explanations and improvements

Abstract

ISO 20022 XML guidelines for financial transactions contain large amount of information and their format vary greatly from bank to bank. Banks provide Handbooks for guiding their corporate customers to produce proper transactions, contained in XML payment messages. Quality of a Handbook directly affects the amount of resources needed for the customers to successfully implement a system generating payment messages. In this thesis I will investigate what information is crucial to include in an XML payment message Handbook and what is the best way to visualize it.