Banks are experiencing issues with the hybrid address introduced in ISO 20022

Banks are experiencing early adoption challenges with ISO 20022’s hybrid postal address format, which went into effect last month. As a result, the Payments Market Practice Group (PMPG) has published guidelines aimed at addressing the lack of data quality. As reported by Cryptopolitan, ISO 20022 assumed several roles in supporting various payment and settlement processes, […] source: https://www.cryptopolitan.com/banks-are-experiencing-issues-with-iso-20022/