What is ISO 20022?

ISO 20022 is an emerging global and open standard for payments messaging. It creates a common language and model for payments data across the globe. One that provides higher quality data than other standards which means higher quality payments for all. One that can adapt to new needs and new approaches. One that’s not controlled by a single interest. One that can be used by anyone in the industry and implemented on any network.

ISO 20022 is an emerging global and open standard for payments messaging. It creates a common language and model for payments data across the globe. One that provides higher quality data than other standards which means higher quality payments for all. One that can adapt to new needs and new approaches. One that’s not controlled by a single interest. One that can be used by anyone in the industry and implemented on any network.

Find out more

Product

ISO 20022 Programme

The ISO 20022 Programme will change the way you send cross-border payments and reporting instructions. Find out what this means for you.

Product

ISO 20022 Harmonisation Charter

SWIFT has launched an industry programme to ensure a cost effective and seamless adoption of ISO 20022 by Market Infrastructures and their communities

Message

Supporting standards

What do we do as Registration Authority for ISO 20022 and how do we contribute to the standard?

Discover why correspondent banking needs ISO 20022 now

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Richer, better structured and more granular data

ISO 20022 will enable richer, better structured and more granular data end-to-end to be carried in payments messages.

Quality data means quality payments

More transparency and more remittance information for your customers which in turn means better customer service. And a better customer experience.

Improved analytics, less manual intervention

Further operational benefits include improved analytics, less manual intervention, more accurate compliance processes, higher resilience and improved fraud prevention measures.

Latest news on ISO 20022

11 December 2019

ISO 20022 in focus with Deutsche Bank

Deutsche Bank’s adoption of ISO 20022 means streamlined processes, richer data and the real-time tracking of cross-border payments
21 November 2019

Banks support SWIFT adoption of ISO 20022 payments standard

Saqib Sheikh, Global Head of the ISO 20022 programme at SWIFT, discusses the myriad ways that ISO 20022 benefits banks and customers.
16 November 2019

How better payments will change our lives

SWIFT’s Harry Newman, Head of Banking, and Stephen Lindsay, Head of Standards, look at the significant changes taking place within the structures...
14 November 2019

[UPDATED] ISO 20022 usage guidelines for cross-border payments released

The publication of first specifications marks an important milestone in the transformation of correspondent banking.