The global payment landscape is changing as everyone prepares to adopt ISO 20022. With SWIFT’s migration deadline set for November 2025 and the Federal Reserve targeting a March 2025 implementation, banks need to get ready for this important and mandatory shift.
However, banks are facing a significant challenge: their current digital channels and customer interfaces are built on outdated message formats and lack the ability to capture and process the expanded data requirements of ISO 20022. These legacy systems cannot handle the structured addresses, detailed remittance information, and additional party details mandated by the new standard.
In our white paper, Orion’s Financial Services leaders share how banks can modernize their digital channels to seamlessly convert legacy payment messages into the new format while also improving the customer experience.
Download our white paper to discover:
- The transformative role of payments modernization
- Data modernization and enrichment to meet ISO guidelines
- AI, ML, and Generative AI to streamline implementation
- Crucial capabilities to fast-track compliance
- Opportunities to reimagine payment experiences
