ISO 20022 isn’t just a compliance mandate—it’s a transformative opportunity to enhance operational efficiency and customer experience.
48%
see improved transparency and fraud monitoring as top benefits
33%
value the use of structured and enhanced data
€1.3B
saved annually by resolving 65% of payment issues with ISO 20022’s structured data
ISO 20022 is transforming payments with rich, structured data that improves transparency, fraud detection, and interoperability. While challenges like processing readiness and data complexity persist, adoption is critical for meeting global standards, streamlining operations, and reducing costs.
As of 2024, ISO 20022 message migration was at 26.8% for sending. Swift is focusing on its top 175 banks, which process 80% of the volume, to help drive adoption to 40% by the migration deadline.
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Payments Connectivity & Compliance
Securely communicate financial transactions within and between businesses, globally and locally, while easily managing payment compliance and mitigating risk.
