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Quality data means quality payments

ISO 20022 is an increasingly established global language for payments messaging. Already used by payment systems in over 70 countries, in the coming years it will be the de facto standard for high-value payment systems of all reserve currencies, supporting 80% of global volumes and 87% of value of transactions worldwide.

By creating a common language and model for payments data, ISO 20022 significantly improves the quality of data across the payments ecosystem. Richer, structured, meaningful data will enable new client experiences, while improving compliance and efficiency.

ISO 20022 is flexible enough to meet the needs of today and those of tomorrow.

ISO 20022
2 min view

Payments are entering a new era with ISO 20022

ISO 20022 for FIs

Industry initiatives, internal optimisation projects, and customer demand are driving more financial institutions to adopt ISO 20022.

ISO 20022 for Market Infrastructures

Almost 200 MI-driven initiatives are either already implementing ISO 20022 or are considering adoption for payments and securities transformation projects.

ISO 20022 for Vendors

SWIFT is working closely with vendors to provide specifications, tools and test services to support our shared customers in ISO 20022 adoption.

ISO 20022 for Dummies

The latest ISO 20022 news

Keep on top of the latest ISO 20022 resources to ensure you're in-the-know regarding the adoption of the new standard.

Document centre

Last update: 31 October 2019

Deutsche Bank on ISO 20022

Christian Westerhaus, Global Head of Cash Product Management, Deutsche Bank

Last update: 8 May 2020

Blueprint: ISO 20022 for Eurozone High Value Payments with cross border leg

November 2021 end 2022

What to do next

Start planning for implementation

Identify and assess the impact on your transaction processing systems, allowing you to hone in on messaging solutions and define a strategy for enabling ISO 20022 across your correspondent banking network.

Access the Adoption Guide

Everything you need to know about transitioning to this new standard or how to implement, test and go-live is in the ISO 20022 Adoption Guide.

Attend an info session

To support your operating environment during the adoption of ISO 20022, we offer comprehensive information sessions.

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