Study Groups and Industry Forums

Here at X9 we are constantly researching the latest topics in the financial standards industry. Often, this results in the need for a study group or industry forum. X9’s study groups and industry forums are open to a limited number of people from the general public. Check out our current list and contact us to participate.

Financial Terms Harmonization Industry Forum

This public forum will address issues related to disparate financial data terms, in order to effect greater financial market efficiency. The X9 Industry Forum on Financial Terms Harmonization will review and harmonize current industry-wide differences in financial data terms, meanings and definitions, with the eventual goal of creating a Data Dictionary/Data Glossary that is used by all. 

The new forum will foster an open dialogue where participants share their organization’s or sector’s standard terms and definitions, and forum members will collaborate to agree on a harmonized definition for each instrument or data element. The expected outcome is a common Data Dictionary/Data Glossary that will be employed across all sectors of the financial services industry, eliminating proprietary terms and definitions that can increase the risk, and potential failure, of a financial transaction. All are welcome to participate.

U.S. ISO 20022 Market Practice Industry Forum

 The U.S. ISO 20022 Market Practice Industry Forum will identify and address important topics for market coordination in order to promote consistent industry approaches for ISO 20022 implementations, and to lower the barriers to adoption. Toward those ends, the group proposes to bring together a broad spectrum of stakeholders, including corporations and other industry organizations. These representative participants will collaborate to define use cases from a practitioner point of view and to understand best practices across payment types, based on consensus across industries. Contact us for more details on how you can participate.

 X9 Real-Time Payments Study Group

This study group will review real-time and faster payments activity in the financial industry, with the intent to become X9’s central point of contact for all related and supporting X9 technical standards and to coordinate related work within X9. People with interest in real-time payments are invited to join the X9 Real-time Payments Study Group.

X9F Cryptographic Algorithm Sunrise/Sunset Study Group

The Cryptographic Algorithm Sunrise/Sunset Study Group has been formed to document cryptographic algorithm sunrise and sunset dates.

This is needed to address industry changes in what is deemed acceptable for adequate protection of sensitive data. As each subcommittee talks about how to move the industry standards forward and away from older inadequate protocols, it was determined the best approach was to scope, select and document sunrise and sunset dates for cryptographic algorithms used in X9 standards.

 Contact us for more details on how you can participate.

X9F Public Key Infrastructure (PKI) Study Group

The focus of this study group is to examine the reliance concerns and processing issues related to “Certificate Authority” third party service providers and the possibility of operating a centralized Certificate Authority specifically devoted to the financial services industry. This would be a Certificate Authority on which trust for current and future financial industry security could rely upon as a fully interoperable point of service that would exist above any question of security, user authentication, or commercial interest. It would also be independent of rules and requirements from other industry groups which have much different needs than the financial community.

This group will examine options to determine a way that would protect the financial communities interest while maintaining a strong security posture. Contact us if you’d like to participate.

X9F Transport Layer Security (TLS) Study Group

ASC X9  has established the X9F study group (SG) on Transport Layer Security (TLS) protocol to determine strategy and tactics for the financial services industry. X9 has a 25-year history in developing and maintaining ANSI and ISO asymmetric cryptography and PKI-related standards. However, migration to the TLS v1.3 protocol affects the financial services industry. X9 has established this study group to research issues as discovered by the recommended research and present strategic and tactical solutions that might include new standardization or possibly other X9 actions. If your company is interested in this group, contact us today.

X9F Quantum Computing Study Group

In the past, a technology that broke an existing cryptographic method was used on real-time or near real-time data. Today, the Internet has a massive storage capacity that allows many years of data to be stored. This means that in 5 to 10 years, new technology could be applied to the stored data allowing it to be decrypted. This raises a question, is it too late to protect data already stored or being stored today from future attacks? 

There are research centers around the world working to create a large scale, fault tolerant, general-purpose quantum computer. For many years, the question was- could such a computer ever be created? Now, there is some agreement that such a computer can be created although a lot of work is still required. The new question is- when? The answer to that question will have a major impact on data communications and specifically the financial services industry.

 The Quantum Computing study group was created to review the state of quantum computing and to try to determine a time period for when it is most likely that a large-scale quantum computer will exist and, based on this prediction, propose a high-level roadmap for protecting information used by the financial services industry. Contact us for more details on how you can participate.