ISO 20022

ISO 20022 is becoming the new global standard language for financial transactions. In the next five years it will be the main language for high-value payments, supporting 80 % of the volume and 89% of the value of transactions worldwide, as major market infrastructures prepare to adopt the standard by 2021.

A global and open standard, ISO 20022 can be used by anyone in the industry and implemented on any network. It has fully established processes for its maintenance, evolution and governance.

In addition to ensuring interoperability with the many market infrastructure that are moving to ISO 20022, the use of the standard brings a number of regulatory and compliance related benefits. It provides richer data that will enable financial institutions to increase efficiency and develop new value-added services.

ISO 20022 is flexible enough to meet the needs of today and the needs of tomorrow.

ISO 20022 is becoming the new global standard language for financial transactions. In the next five years it will be the main language for high-value payments, supporting 80 % of the volume and 89% of the value of transactions worldwide, as major market infrastructures prepare to adopt the standard by 2021.

A global and open standard, ISO 20022 can be used by anyone in the industry and implemented on any network. It has fully established processes for its maintenance, evolution and governance.

In addition to ensuring interoperability with the many market infrastructure that are moving to ISO 20022, the use of the standard brings a number of regulatory and compliance related benefits. It provides richer data that will enable financial institutions to increase efficiency and develop new value-added services.

ISO 20022 is flexible enough to meet the needs of today and the needs of tomorrow.

Find out more

Product

ISO 20022 migration

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

Product

ISO 20022 Harmonisation

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?

Resources

ISO 20022

ISO 20022 for dummies

Read this book for more info on why ISO 20022 matters, and the benefits for you.

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Building an ISO 20022 implementation roadmap

ISO 20022 for Market Infrastructures and their communities - How can SWIFT help?

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.

Future proof standard

ISO 20022 uses modern, mainstream XML technology which is well supported and which facilitates efficient integration.

Adopted 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.

Latest news on ISO 20022

29 July 2019

Making cross-border payments more open and structured

Stephen Lindsay, SWIFT’s Head of Standards, explains the pivotal role global and open standards play in making international payments faster and more...
4 April 2019

Joining forces with international experts to support ISO 20022 migration

SWIFT brings together payments industry leaders to drive the transition of cross-border transactions to the ISO 20022 messaging standard
13 December 2018

ISO 20022 migration: A community approach every step of the way

Helping you ensure a smooth transition to the new global standard
17 August 2018

ISO 20022 migration: will it be a marathon or a sprint?

The SWIFT community responded to the consultation on a proposed migration to ISO 20022. A report of the feedback received is now available.