Stronghold Boosts Network: Acquires 20022 Labs

 

Stronghold, a leading provider of cutting-edge digital payment solutions, has recently completed the acquisition of 20022 Labs, a trailblazer in advancing the ISO 20022 financial messaging standard. This strategic move represents a significant milestone for Stronghold, as it further enhances its exclusive payment network, StrongholdNET, aligning it even more closely with ISO 20022 standards.

With its renowned expertise in data-rich payment processing, 20022 Labs will contribute its vast knowledge, advanced technology, and valuable industry relationships to the Stronghold team. This collaboration aims to foster innovation within the payment system, empowering businesses with a competitive advantage through improved operational efficiencies, enhanced treasury management, elevated customer experience, robust regulatory compliance, and seamless domestic and global interoperability in the digital economy. By reinforcing the implementation of the ISO 20022 standard in StrongholdNET, the interoperability between various payment networks supported within Stronghold's ecosystem, both traditional and modern, will be further strengthened.

More Information: https://www.techdogs.com/tech-news/business-wire/stronghold-enhances-payment-network-with-strategic-acquisition-of-20022-labs