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.

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.

ISO 20022

Product

About ISO 20022

The standard of the future

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

Product

ISO 20022 migration study

Community consultation to determine the timing and approach for migration of cross-border MT traffic to ISO 20022 across various business areas

ISO 20022 adapted to your market segment

Need

ISO 20022 for CSDs

Adopting ISO 20022 can bring significant benefits. Ease the transition by drawing upon industry best practice, advice, and market leading tools

Need

ISO 20022 for High-Value Payments

When embarking on an ISO 20022 project, you need best-in-class services and support – from business case assistance over solution design to live operations

Need

ISO 20022 for banks

Industry initiatives, internal optimisation projects, and customer demand are driving more banks to adopt ISO 20022

Resources

ISO 20022

ISO 20022 for dummies

Third edition

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ISO 20022

ISO 20022 migration study

Community consultation to determine the timing and approach for migration of cross-border MT traffic to ISO 20022 across various business areas.

PDF icon Download (1.19 MB)

ISO 20022 Consultation Process

ISO 20022 - Consultation ProcessISO 20022 Consultation Process
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ISO 20022 Consultation Process

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 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

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
23 April 2018

ISO 20022 migration: the time is now

SWIFT launches a full-scale community consultation that sets out its vision for migration of cross-border services to ISO 20022
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.
24 July 2017

SWIFT ISO 20022 Implementation Strategies: Standard-bearer for future global payments systems

A new information paper from SWIFT Standards explains how market infrastructures can defend against fragmentation and manage the transition to ISO 20022