Legacy standards, infrastructure and operating models are being challenged as clients’ expectations rise and vastly improved technologies undermine the status quo. 

By the end of 2025, 87% of high-value payments (HVP) systems will have migrated to the ISO 20022 format for financial messaging. This is complemented by SWIFT’s own migration to ISO 20022 for payment messages starting in November 2022 and ending in November 2025. This migration has the potential to create major efficiencies in payments, leading to greater speed, automation, and digitization of both payments and post-payments processes. If this migration is successful, it could result in a vastly improved end-user experience with faster processing and increased straight-through processing (STP) rates, making payment delivery more efficient and lowering costs.

However, the success of this migration will require participants across the ecosystem to make significant investments: a like-for-like migration from the existing antiquated MT standards will be insufficient. In this paper, we explore some of the potential benefits of moving to this new data model as well as potential use cases. This information will hopefully prove valuable to ecosystem players as they consider their business case for investment.

Our focus is on potential improvements in three specific areas: 

1. Compliance monitoring and sanctions screening
2. Operationsandinvestigations
3. Reconciliation and data exchange 



From straight-forward adoption of ISO 20022 / CBPR+ or payments strategy for areas such as Real-Time Payments / SWIFTgpi or Request to Pay, we deliver results through a combination of:


☑ ISO 20022 Adoption Accelerators

☑ Standards Mapping

☑ Advisory  

☑ Systems Integration