Working together in harmony...
Financial messaging standards
Improving efficiency and reducing risk through standardised data, information and processes.
- User community
Creating a common platform to tackle industry challenges
- Setting standards
Developing business standards and shaping market practice
- Unparalleled expertise
Delivering expert services to support implementation
Enabling automation, cost reduction and efficiency for the financial community
SWIFT Standards acts as the catalyst that brings the financial community together to work collaboratively to define standards, shape market practice and consider solutions to issues of mutual interest.
Maybe ISO 20022 is important to your customers. Or maybe you are adapting to one of the transformation initiatives now underway. Whatever your reasons for adopting the messaging standard, building an ISO 20022 roadmap requires time, budget and a full understanding of your needs.
From migrating your community to overcoming fragmentation in the market, adopting ISO 20022 brings numerous challenges. You’ll need best-in-class solution design and a secure, reliable network to support your project. You’ll also need effective training and support to help your community make the transition.
For payments market infrastructures offering High-Value Payments (HVP) services, it’s essential to make informed decisions when adopting ISO 20022. We can provide the tools, services and support that you need to complete your migration project – as well as the world’s only value-added ISO 2002 network.
About ISO 20022
A global and open standard, ISO 20022 is open to anyone and provides fully established processes for maintenance, evolution and governance. We’re playing a key role in the adoption of ISO 20022 across the industry.
We continually work to keep our existing standards up to date, in order to bring standards in line with business changes.
Consistency and industry harmonisation is in all of our interests. We play an active role in local and global market practice groups, as well as supporting initiatives to promote best practice across the industry.
Unambiguous data allows institutions to exchange messages in a more automated way, reducing costs and minimising risks. By acting as Registration Authority for certain reference data standards, we’re supporting consistency across the industry.
ISO 20022 Harmonisation Programme
SWIFT has launched an industry programme to ensure a cost effective and seamless adoption of ISO 20022 by Market Infrastructures and their communities.
Please visit the User Handbook for all standards-related information.