ISO 20022 in bytes for payments: The countdown is on to ISO 20022

The momentum for ISO 20022 migration continues to grow, with more domestic communities adopting the new standard.

• We continue to see Payment Market Infrastructures (PMIs) prepare their own domestic solutions to enable ISO 20022 for payments – with many intending to migrate later in 2025. Most recently we saw Namibia, Sweden, and Israel celebrate successful migrations, meaning that a significant number of Swift connected PMIs have now enabled ISO 20022 for their participants. These PMIs account for an impressive 78.5% of Swift’s global PMI traffic volume.
• Swift’s ISO Accelerator Pack remains a valuable resource for helping PMIs fast-track their migration and realise the benefits of ISO 20022 adoption. 

Case Management – Adoption Update and Migration Reminder

Designed to revolutionise how banks manage exceptions and investigations (E&I), Case Management promotes operational efficiency by centrally facilitating the exchange of messages for both E&I and payment cancellation (Stop and Recall) purposes. As part of the migration to ISO 20022, Case Management supports the use of structured MX messages (camt.110/111) for E&I – delivering message clarity and enabling automation of processes.

Reminder of Migration Timelines: see KB Article

Payment Cancellation Messages

• Nov 2026 – All payment cancellation messages (MT and ISO 20022 formats) to be exchanged through Stop and Recall. Bilateral exchange of payment cancellation messages no longer supported
• Nov 2027 – All payment cancellation messages to be in ISO 20022 formats (camt.056/029). MT messages no longer supported.

E&I Messages

• Nov 2026 – All financial institutions must be able to receive camt.110 messages with an embedded MT 199 (in-flow translation) through Case Management.
• Nov 2027 – All financial institutions to send and receive E&I messages (camt.110/camt.111) through Case Management (no in-flow translation). MT messages for E&I purposes to be removed and/or retired. 

Payment initiation messages (pain.001 and pain.002) are now live for corporate-to-bank exchange for all SCORE participants.  And we are bringing you cash reporting messages (camt.052/053/054) as part of Standards Release 2025 in November. 

• Usage Guidelines - SCOREPlus SR2025 (Payment Initiation)
• Usage Guidelines - SCOREPlus SR2025 (Cash Management) 

Members of the community are already making the leap to allow richer data capture at source and support end-to-end data preservation throughout the payment chain.  By extending ISO 20022 functionality to SCORE, we’re enabling operational efficiency and opening new doors for innovation across the corporate community. 

In our recent swift.com article you can also learn about other exciting developments.  We’re continuing to work with financial institutions to enhance their ability to offer ready-made services to corporates, thus ensuring a superior payments experience for corporates. 

To help corporates take full advantage of ISO 20022, we’ve provided: 

• ISO 20022 Usage Guidelines to ensure smooth adoption.
• A dedicated support page on the Knowledge Centre for quick access to tools and insights.
• FAQs to keep you informed and prepared. 

Following the successful launch of Payments Efficiency Insights and Analytics, you can now easily measure and improve your payment efficiency across your FIN and ISO 20022 flows, while tracking performance against global industry standards such as the G20 targets for cross-border payments in Observer Insights and Analytics. We’ve listened to your feedback and redesigned the navigation experience to guide you seamlessly from a high-level overview to detailed, actionable insights—ensuring clarity and value at every step.

Learn more by following our recent webinar and find out how to assess your transparency insights at our upcoming webinar.

• Register to upcoming webinar
• Watch our recent webinar

Swift’s Data Quality Analytics helps financial institutions assess, monitor, and improve the quality of their ISO 20022 payment messages - enabling better operational performance, compliance, and decision-making.

With the latest release, you're not just improving your own data — you’re gaining the insights to elevate the quality of the entire payment chain. 

Here’s what’s new: 

• Insights on Messages Received
  For the first time, gain insight into what your counterparties are sending you. Understand the quality of incoming messages, spot poor data entries, and open conversations to improve shared standards. 
• Trend Analysis on Data Quality 
  Track how your data evolves over time with six-month trend views on the presence and structure of key ISO 20022 tags – helping you identify progress or recurring gaps.
• New Guidance: Read More
  Learn how to correctly populate the ultimate party fields in our newly released Data Quality Explainer FAQs. 
• New Swift Smart e-learning Module
  Just getting started or need a refresher? Our new Introduction to Data Quality Analytics eLearning module walks you through the tool’s features and benefits, step by step.
• Coverage on Transaction Manager Business Validation (TMBV) rules
  Provides you insights on the messages in meeting the process-based rules to enhance message/data quality for smoother processing.

Explore the enhanced capabilities – subscribe now (or find out more from the knowledge centre) or reach out to your Swift account manager and unlock the full potential of your payment data.

Subscribe now

Business application providers must have upgraded their systems for testing SR 2025. Payment applications must be ready for the use of pacs messages in Hybrid Address format, additional FIN validation rules for Contingency Processing, the introduction of the FI-to-FI pain.001 relay and the exchange of camt.054 Debit Credit Notification (that triggers an embedded MT103/202 payment advice). 

See the announcement regarding Standards Release 2025 and the FINplus external code set validation being implemented in non-blocking mode.