Whitepaper

Ready Or Not – Here It Comes: There’s No Hiding From ISO 20022

Core Insights for Banks From the Representative SEEBURGER and Celent Survey

The go-live for cross-border payments and reporting (CBPR) and the coexistence phase for the new financial messaging standard ISO 20022 is set to begin in March 2023. Financial institutions need to get their systems ready and ISO 20022-capable by November 2025. But how is the industry approaching this watershed, what benefits does it see in the migration, and most importantly, how ready will it be? In order to answer these questions, SEEBURGER has partnered with leading research and advisory firm Celent to conduct a representative survey. We polled 211 banks and corporates worldwide on a variety of questions to learn where the industry is really at – and what remains to be done.

This brief summary highlights the key findings of the resulting report and – how SEEBURGER can help.