TWIST or the Transaction Workflow Innovation Standards Team is a not-for-profit industry group of corporate treasurers, fund managers, banks, system suppliers, electronics trading platforms, market infrastructures and professional services firms.
The primary aim of TWIST is to develop new and rationalise existing xml standards that connect the financial and physical supply chains, releasing the enormous value locked up in disjoined paper-based processes. TWIST also participates in the management of the ISO20022 standards for financial markets aiming to make this the umbrella for its comprehensive suite of standards.
Steve Weiland, Bob Blair and Paul Burstein presented the latest on the TWIST BSB, including the recasting of the BSB by ISO 20022 at the AFP Miami Conference. The global electronic billing statement, known as the “BSB,” is now an [...]