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Why you should adopt it now for cross-border payments

Starting in March 2023, the way the Swift community exchanges payments messages will be transformed with ISO 20022. This will unlock huge opportunities for financial institutions, such as boosting operational efficiency, enhancing customer experience, and enabling innovative new services.

A global and open standard, ISO 20022 creates a common language for payments worldwide. And its higher quality data means better payments for all. Whether you’re adopting ISO 20022 as from the start of the migration period or not, learn more about the mandatory actions you need to perform before March 2023.

Get started today

ISO 20022

ISO 20022 Adoption programme for CBPR+

The ISO 20022 Adoption Programme will change the way you send cross-border payments and reporting instructions.

ISO 20022


March 2023 is the date our payments community is getting ready for. Find out what you need to do and when.

ISO 20022


Find all the ISO 20022 resources you'll need, from essential guides and learning modules to the latest collateral, multimedia, reports and publications.

ISO 20022

Frequently Asked Questions

We have compiled a list of questions frequently asked about ISO 20022 by members of the Swift community. Indexed by theme, everything you need to know about ISO 20022 can be found here.

Why ISO 20022?

Richer, better structured and more granular data

ISO 20022 enables 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.

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.

Worldwide adoption

Almost 200 market infrastructure driven initiatives are either already implementing ISO 20022 or are considering adopting the standard for payments and securities transformation projects.

Know Your Customer (KYC)
26 August 2020 | 7 min read

ISO 20022 in focus with Citi

As an early adopter of the ISO standard, Citi has been a collaborative innovator across its...
KYC - Know Your Customer
20 January 2020 | 4 min read

ISO 20022 in focus with HSBC

HSBC processes 4.4 billion payments every year – or 139 every second. The bank has offered...
ISO 20022 in focus with Deutsche Bank
11 December 2019 | 3 min read

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...

Community content

J.P. Morgan: Four steps to mastering the new ISO 20022 standard for cross-border payments

As the cross-border payments transition to the ISO 20022 international standard nears, take a look at what you need to do to ensure you’re ahead of the changes.
This article was originally produced by J.P. Morgan.

The Asian Banker: ISO 20022 strives for 100% STP

Understand the impact adoption of the new standard will have on the banking and payment industries and what challenges and opportunities they will face as they modernise international settlement.
This article was originally produced by the Asian Banker.

Standard Chartered: Richer data for greater certainty – ISO 20022

While adoption of ISO 20022 for cross-border payments is set to create a common standard for payment data across the globe, implementation is likely to have differing implications for corporates and financial institutions alike.
This article was originally produced by Standard Chartered.

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