ISO 20022 is a new global standard for financial messaging that is being adopted by financial institutions around the world. The standard is designed to improve the speed, accuracy, and efficiency of financial transactions, and to provide greater transparency and standardization across different payment systems.

    One of the ways in which ISO 20022 is expected to play into the new global economy is by facilitating cross-border payments and trade. The standard provides a common language for financial messaging, which can help to reduce errors and delays in cross-border transactions. This can in turn help to reduce the costs and risks associated with international trade, and promote greater economic integration between different countries.

    ISO 20022 is also expected to facilitate the development of new financial products and services. The standard provides a flexible framework for financial messaging, which can be customized to meet the needs of different markets and business models. This can help to promote greater innovation and competition in the financial sector, and create new opportunities for investors and entrepreneurs.

    In addition, ISO 20022 is expected to play a role in promoting greater financial inclusion. The standard is designed to be accessible to all financial institutions, regardless of their size or location. This can help to level the playing field for smaller financial institutions and promote greater competition in the financial sector. It can also help to reduce the costs and barriers associated with providing financial services to underserved populations, such as those in rural or remote areas.

    ISO 20022 is a comprehensive financial messaging standard that is designed to replace existing message formats used by financial institutions for various payment and settlement transactions. The standard has been developed by the International Organization for Standardization (ISO) and is supported by major central banks, payment systems, and financial institutions around the world.

    One of the key benefits of ISO 20022 is that it enables greater automation of financial processes, resulting in faster and more accurate transactions. The standard provides a rich set of data fields that can be used to capture detailed information about transactions, such as invoice numbers, remittance information, and beneficiary details. This can help to reduce errors and delays in the payment process, and provide greater transparency and standardization across different payment systems.

    ISO 20022 is also designed to be flexible and adaptable, allowing financial institutions to customize the standard to meet their specific needs. The standard can be used for a wide range of payment and settlement transactions, including high-value payments, low-value retail payments, and securities transactions. It can also be used across different payment systems, including real-time gross settlement systems (RTGS), automated clearing houses (ACH), and card payment networks.

    Furthermore, the adoption of ISO 20022 can also facilitate the development of new financial products and services, such as real-time payments and instant settlement systems. The rich data fields provided by the standard can also help to enable new forms of analytics and data-driven decision-making in the financial sector.

Many of the world's largest financial institutions and payment systems are in compliance with ISO 20022, and many more are in the process of adopting the standard. Some of the main companies and organizations that are currently in compliance with ISO 20022 include:

1. SWIFT: SWIFT is one of the largest providers of financial messaging services in the world, and has been a strong proponent of ISO 20022. The company has developed a range of ISO 20022-based message formats for different types of financial transactions, and has been working with its members to help them adopt the standard.

2. Visa: Visa is one of the largest global payment networks, and has adopted ISO 20022 for its cross-border payments and settlement systems. The company has developed a range of ISO 20022-based message formats for its different payment services, and has been working to help its members adopt the standard.

3. Mastercard: Mastercard is another major global payment network that has adopted ISO 20022 for its cross-border payments and settlement systems. The company has developed a range of ISO 20022-based message formats for its different payment services, and has been working to help its members adopt the standard.

4. Federal Reserve Bank of New York: The Federal Reserve Bank of New York is responsible for the settlement of many of the largest and most important financial transactions in the United States. The bank has adopted ISO 20022 for many of its payment and settlement systems, including its Fedwire Funds Service and its Fedwire Securities Service.

5. European Central Bank (ECB): The ECB is the central bank of the European Union, and is responsible for the monetary policy and financial stability of the eurozone. The bank has adopted ISO 20022 for many of its payment and settlement systems, including its TARGET2 system for high-value payments.

    ISO 20022 is not limited to traditional financial institutions and payment systems, and there are also several cryptocurrency companies that have adopted the standard. Some of the main cryptocurrency companies that are in compliance with ISO 20022 include:

1. Ripple: Ripple is a blockchain-based payment protocol that is designed to facilitate fast and low-cost cross-border payments. The company has adopted ISO 20022 for its payment messaging system, and has developed ISO 20022-based message formats for its different payment services.

2. SWIFT for Corporates: SWIFT has developed a service known as "SWIFT for Corporates" that is designed to enable corporations to use SWIFT's financial messaging services directly. The service has adopted ISO 20022 for its messaging system, and enables corporations to send and receive ISO 20022-based messages for a wide range of financial transactions.

3. Stellar: Stellar is another blockchain-based payment protocol that is designed to facilitate cross-border payments. The company has adopted ISO 20022 for its payment messaging system, and has developed ISO 20022-based message formats for its different payment services.

4. BitPay: BitPay is a cryptocurrency payment processor that enables merchants to accept payments in Bitcoin and other cryptocurrencies. The company has adopted ISO 20022 for its payment messaging system, and has developed ISO 20022-based message formats for its different payment services.

5. Corda: Corda is a blockchain platform that is designed for use in the financial services industry. The platform has adopted ISO 20022 for its messaging system, and enables financial institutions to send and receive ISO 20022-based messages for a wide range of financial transactions.

   These examples showcase a range of traditional and non-traditional financial organizations that are already compliant with ISO 20022. As this standard gains momentum, it is expected that many more companies will also adopt it in the coming years.

    Overall, ISO 20022 represents a significant step forward in the development of a more efficient and transparent global financial system. As more financial institutions adopt the standard, it is expected to become an increasingly important part of the global financial infrastructure.