Stronghold Enhances Payment Network With Strategic Acquisition Of 20022 Labs

By Author: Orson Amiri
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Stronghold, a frontrunner in digital payment solutions, has acquired 20022 Labs, a leading advocate for the ISO 20022 financial messaging standard. This acquisition bolsters Stronghold's proprietary payment network, StrongholdNET, aligning it closely with ISO 20022 standards. Renowned for data-rich payment processing, 20022 Labs brings expertise, technology, and industry relationships to the collaboration, aiming to drive innovation in payment systems. The integration enhances operational efficiencies, treasury management, customer experience, regulatory compliance, and interoperability in the digital economy, bridging traditional and modern payment networks.

Tammy Camp, CEO of Stronghold, highlighted the acquisition's significance, emphasizing the vision to lead in payment solutions. Mike Sigal, Founder of 20022 Labs, expressed enthusiasm for advancing data-rich payments globally. Stronghold views the integration not just as a merger but as a fusion of visions to revolutionize financial services engagement. By making the ISO 20022 standard accessible to developers, Stronghold catalyzes widespread adoption, empowering innovation and efficiency in global payment processing.

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