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The Final Countdown to ISO 20022

Banks mandatory deadline November 2025

635.00 Days
"Anybody and everybody who touches a payment across the whole entire value chain – your treasury system, treasury management, suppliers within the corporates and the ERP systems – they’re all going to need to be able to handle 20022, create it and migrate it."
Gareth Lodge, Principal Analyst of Global Payments, Celent

Your ISO 20022 Milestones to Migration

For full details read “The Final Stretch: Are You Ready for the ISO 20022 Countdown?Please note that many of the tasks below, depending on the size of your operation, your available resources, and your business priorities, can be done in parallel or at different speeds.

2023 Milestones

  • Education, Strategy and Gap Analysis – Identify gaps and areas that need to be addressed for compliance. ISO 20022 knowledge for all stakeholders, including training, is critical.
  • Implementation Team – Assemble a cross-functional team to lead the planning and execution of the ISO 20022 compliance effort.
  • Implementation Plan – Create a detailed roadmap with specific milestones, timelines and actions required to meet the deadline.

2024 Milestones

This will be a year of change. It’s time to prepare your business for the expanded message capabilities of ISO 20022.

  • System Upgrades and Integrations – Based on the gap analysis, identify the necessary upgrades and integrations required to align your existing systems with the ISO 20022 standards.
  • Key integrations can include Payment Platforms, Core Banking Systems, Enterprise Resource Planning (ERP) Systems, Treasury Management Systems (TMS), Customer Relationship Management (CRM) Systems, Fraud and AML Applications, Data Transformation Tools, SWIFT and more.

2025 Milestones

  • Continuous Testing and Validation – Conduct comprehensive testing and validation of the integrated systems and processes.
  • Compliance Readiness Assessment – Conduct a compliance readiness assessment to ensure all systems, processes, and personnel are fully prepared for the transition to ISO 20022.
  • Parallel Runs and Transition – Execute parallel runs where both the existing systems and the newly integrated ISO 20022 systems operate simultaneously to ensure accuracy and reliability.
  • Continuous Training and Knowledge Transfer – Ensure your team and stakeholders are always up-to-date and able to apply ISO 20022 to business processes.
Creating a comprehensive implementation plan
that involves stakeholders across your organization
is key to success

Discover more about ISO 20022 for banks and corporates

Webcasts On Demand
BIS Platform, FSI
Expert Talk | Ep 3: Prepare Your Business for ISO 20022: Practical Tips and Strategies
Webcasts On Demand
BIS Platform, FSI
Expert Talk | Ep 2: A Smooth Transition: Practical Tips and Strategies for Banks
Webcasts On Demand
BIS Platform, FSI
Expert Talk | Ep 1: Our point of view on the state of payments for banks and corporates
Webcasts On Demand
Capabilities & Solutions, FSI
Ready or Not, Here it Comes: There’s No Hiding From ISO 20022 - Watch the webcast for banks or corporates
White Papers
Whitepaper for Banks: Ready or Not, Here it Comes: There’s No Hiding From ISO 20022
Capabilities & Solutions, FSI
Whitepaper for Banks: Ready or Not, Here it Comes: There’s No Hiding From ISO 20022
White Papers
ISO 20022: Create a Better Payment Experience Across All Channels with a Modern Payments Integration Hub
Capabilities & Solutions, FSI
ISO 20022: Create a Better Payment Experience Across All Channels with a Modern Payments Integration Hub
White Papers
Whitepaper for Corporates: Ready or Not, Here it Comes: There’s No Hiding From ISO 20022
Capabilities & Solutions, FSI
Whitepaper for Corporates: Ready or Not, Here it Comes: There’s No Hiding From ISO 20022

Benefits of ISO 20022 with the SEEBURGER Payments Integration Hub

Ultimate Flexibility

Any cloud, hybrid or on-premises – the SEEBURGER Payments Integration Hub meets you where your business is at.

Minimized Risk

The SEEBURGER Payments Integration Hub converts all domestic payment formats into ISO 20022 before validating compliance according to country-specific qualifications, including automated payment reconciliation, compliance rule-sets, and DLP integration. AML and fraud management have never been easier.

Application Integration

Integration with ERPs, CRMs, Treasury Management Systems (TMS) and Human Relations payroll systems? Consider it done.

Real-time Overview and Interaction

Take advantage of real-time monitoring of payment processes for end users and technical users.

Power-up Transformation

SEEBURGER mappings and out-of-the-box connectors integrate everything, now. Provides powerful and comprehensive transformation supporting any format of standards such as EDIFACT, SWIFT MT/MX, ANSI X.12, ISO 20022, ACH, NACHA, BAI, and BACS.

The Lingua Franca of Payments

Whether Swift or regional payments networks: the SEEBURGER Payments Integration Hub integrates seamlessly into all backend systems.