On 01 July 2021, the ECB Market Infrastructure Board directed that there needs to be a full-fledged implementation of the ISO 20022 message format by November 2022, with no further pursuit of a ‘like-for-like’ fallback solution. SmartStream is ready to support its customers with these transformational market changes, and its next generation reconciliations solutions natively supports the complexity of ISO 20022 message structures to their fullest.