Even early into adoption of the ISO 20022 messaging standard in its treasury services business, JPMorgan Chase's Louise Gorman can provide a peak into how the standard may hasten payment initiation and reporting far downstream.

"We have a large brokerage client that's using the standard to draw information about payments that they have accepted from their clients who bought stock, and now want access to quick information on those purchases. Our client's process of updating their system to allow its clients to see the new status of their portfolio used to take a day. Now it happens in almost real time," says Gorman, a New York-based managing director for JPMorgan Chase.

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