What is ISO 20022?
ISO 20022 is a methodology, or recipe, which can be followed when creating financial messaging standards. A global and open standard, ISO 20022 is not controlled by a single interest: it can be used by anyone in the industry and implemented on any network. It has fully established processes for its maintenance, evolution and governance.
First published in 2004, ISO 20022 is widely recognised as the standard of the future. As well as being flexible enough to work with the latest technology,
ISO 20022 can also adapt to new technology as it emerges.
Supporting end-to-end automation
A single standard that covers all business domains and end-to-end business processes, ISO 20022 facilitates the creation of new services and enhanced straight-through processing
Using modern technology
ISO 20022 uses modern, mainstream XML technology which is well supported and which facilitates efficient integration
Adopted by market infrastructures around the world
Almost 200 market infrastructure driven initiatives are either already implementing ISO 20022 or are considering adopting the standard for payments and securities transformation projects
SWIFT’s role in supporting ISO 20022
As the Registration Authority for ISO 20022, we oversee the financial repository and safeguard the quality of the standard.
We have submitted or co-submitted more than half of all message developments to the ISO 20022 portfolio.
Market practice facilitator
A trusted harmoniser of global and local market practice for ISO 20022, we advise communities on best practice.
Knowledge and expertise provider
Our rich experience and knowledge of ISO 20022 enables us to bring invaluable support to market infrastructures and their communities.