As we continue our journey at Stronghold, it is with great enthusiasm and purpose that I share our latest milestone—the acquisition of 20022 Labs. This strategic move is not just a business decision; it's a stepping stone towards realizing our vision of a universally accessible, secure, and efficient financial system.

Why 20022 Labs?

20022 Labs has been at the forefront of advancing the ISO 20022 financial messaging standard. Their commitment to creating a globally integrated and interoperable payment infrastructure aligns perfectly with our objectives at Stronghold. By incorporating 20022 Labs into the Stronghold family, we aim to harness their expertise and innovation to enhance our existing platforms, particularly our Stronghold payments platform and StrongholdNET.

The Impact of ISO 20022

The adoption of ISO 20022 is more than a technical upgrade—it's a transformational shift in how financial data is communicated globally. This standard allows for the transmission of comprehensive remittance information alongside payments, providing unparalleled clarity and efficiency.

Here are some key benefits we have experienced from adopting ISO 20022 with our customers. With the acquisition of 20022 Labs we will accelerate and expand the uptake of strengthened functionality and increase retention in Stronghold’s ecosystem.

Operational Efficiencies: Automating data reconciliation processes will significantly reduce manual interventions, leading to cost savings and increased accuracy. Imagine a world where the reconciliation of multiple invoices is streamlined into a seamless, automated process.

Enhanced Treasury Management: With richer data accompanying each payment, businesses can better manage their cash flows and optimize their financial planning, reducing the need for excessive collateral.

Boosted Customer Experience: Faster payments and access to detailed transaction information will undoubtedly enhance the customer experience, providing transparency and reliability that today's consumers demand.

Robust Regulatory Compliance: ISO 20022 offers a structured way to include necessary regulatory data, simplifying compliance and reporting processes across different jurisdictions.

Global Interoperability: As countries worldwide adopt ISO 20022, it fosters a more connected global economy, making international transactions smoother and more reliable.

A Unified Vision

Both Stronghold and 20022 Labs share a foundational belief that access to financial services is a basic human right. Our combined efforts will focus on breaking down barriers to financial accessibility, ensuring that businesses and individuals alike can benefit from the most advanced technologies available.

Looking Forward

The integration of 20022 Labs with StrongholdNET is not just a merger of two entities but a fusion of visions that promise to revolutionize how our users engage with financial services. By making the ISO 20022 messaging standard accessible to the global developer community on our platform, we are catalyzing the widespread adoption of this transformative technology. This strategic accessibility will empower developers to build applications that leverage the full capabilities of ISO 20022, fostering innovation and efficiency in payment processing across the globe.

We are setting the stage for a future where payments are not only faster but also smarter, equipped with data-driven insights that propel business growth and innovation. Through this acquisition, we are enhancing our platform's capabilities, providing our users with a more robust, transparent, and efficient payment system. Our commitment to this standard underscores our dedication to leadership in digital payment solutions and our relentless pursuit of excellence.

As we move forward, the possibilities for what we can achieve together—Stronghold, 20022 Labs, and our community of innovative developers—are boundless. To our valued customers, partners, and team members, thank you for your continuous support and trust. Together, we are not only participants in the financial technology landscape; we are its architects, shaping the future of how the world interacts with money.