Get started with ISO 20022

ISO 20022 for Financial institutions

ISO 20022 for Payments Market Infrastructures 

 All you need to know about ISO 20022 for Payments Market Infrastructures can be found on this page 

ISO 20022 for Corporates  

All you need to know about ISO 20022 for Corporates can be found on this page.

ISO 20022 for Securities  

All you need to know about ISO 20022 for Securities Markets can be found on this page.

ISO 20022 for Foreign exchange  

All you need to know about ISO 20022 for Foreign Exchange can be found on this page.

ISO 20022 for Financial institutions: learn the basics

Understand the benefits of adopting ISO 20022 for CBPR+ 

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ISO 20022: Assessment and analysis

This impact analysis involves mapping your bank’s current payment flows (“as-is”) to the new data models, workflows, and processes (“to-be”) under ISO 20022. This step forms the foundation for defining your implementation strategy. 

• CBPR+ learning 
• Initial assessment 
• Impact analysis 
• Project plan 

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ISO 20022: Implementation

The successful implementation of ISO 20022 for CBPR+ requires collaboration across multiple teams and the full support of senior leadership.  

Find out more by visiting the links below: 

• Functional specifications 
• Technical implementation 

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Testing and development

A carefully considered go-live strategy is critical to ensuring a smooth transition to ISO 20022. This strategy should align with risk management recommendations and follow a phased rollout based on predefined milestones. 

Find out more by visiting the links below: 

• Test and validation 
• Migration plan 
• Deployment and go-live 

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Priorities in the CBPR+ Roadmap

Looking ahead, financial institutions should prepare for the evolution of ISO 20022 guidelines, as these will adapt alongside payment innovations. Establish mechanisms for continuous improvement to ensure your systems remain aligned with the CBPR+ roadmap and deliver ongoing benefits. 

Find out more by visiting the links below: 

• Focus on Payment Instructions 
• Capture Rich and Structured Data 
• Prepare for Non-Instruction Messages