Stronghold Strengthens Payment Network With Strategic Acquisition Of 20022 Labs

By Author: Orson Amiri
Total Articles: 413
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Stronghold, renowned for its cutting-edge digital payment solutions, has acquired 20022 Labs, a champion of the ISO 20022 financial messaging standard. This strategic move bolsters Stronghold's proprietary payments network, StrongholdNET, while aligning it further with ISO 20022 standards. 20022 Labs brings extensive expertise in payment processing, enhancing Stronghold's capabilities to drive innovation in payment systems. Together, they aim to elevate operational efficiency, financial controls, customer experience, regulatory compliance, and interoperability in the digital economy, providing businesses with a competitive edge.

Tammy Camp, CEO of Stronghold, sees the acquisition as pivotal in evolving their platforms and delivering innovative payment solutions, reinforcing their commitment to global financial accessibility and efficiency. Mike Sigal, founder of 20022 Labs, emphasizes their shared goal of promoting data-rich payment services leveraging the ISO 20022 standard. By exposing ISO 20022 to the global developer community on their platform, Stronghold aims to accelerate its adoption, enabling developers to build applications that drive innovation and efficiency in payment processing worldwide.

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