Ep584: ISO20022 became reality in March… how are banks coping?

Philip Flood, Global Business Development Director - Regulatory & STP Services, Gresham Technologies In March 2023 the migration to SWIFT’s new ISO20022 (MX) messaging standard for cross-border payments and reporting began, with a coexistence period with predecessor MT messages until November 2025. A number of domestic payments systems have also moved to ISO20022, including real-time gross settlement systems in Australia, Canada, Europe, and New Zealand. Robin Amlôt of IBS Intelligence sp...