To align with Swift’s updated ISO 20022 adoption plan and reduce the operational burden on customers in 2020, we have made changes to the release plans for ISO 20022 support for Swift messaging and interfaces releases.

Learn more in this on-demand webinar, which is available as a recording in multiple languages that you can view at your convenience.

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About our updated ISO 20022 adoption plan

The Swift Board and Executive have endorsed ambitious new plans to support financial institutions’ payments by making the Swift platform richer, smarter and faster, enabling transactions to move instantly and without friction. Improving data quality with ISO 20022 plays a central role in achieving this vision, and we remain committed to facilitating industry-wide adoption.

Acting on community feedback, we will enable ISO 20022 based APIs and messaging for cross-border payments and cash reporting businesses (CBPR+) from the end of 2022. This extends the originally announced date by a year, allowing financial institutions to adopt at their own pace. Coexistence with the MT standard will continue to run until November 2025.

Tune in to our on-demand webinar to learn more about what this means for you and the benefits for the Swift community.

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