Question 1

What is ISO 20022 and why does it matter?

Accepted Answer

ISO 20022 is the global financial messaging standard replacing legacy MT with rich, structured data. It improves transparency, automation and compliance across payments and reporting. Contact us to see what it means for your institution.

Question 2

What is SWIFT CBPR+ migration?

Accepted Answer

CBPR+ is SWIFT’s program to move cross-border payments and reporting to ISO 20022. MT formats are being phased out. Contact us for a CBPR+ readiness review.

Question 3

When is the ISO 20022 deadline?

Accepted Answer

The final CBPR+ cutover is November 2025 for SWIFT cross-border payments. Banks must be able to send and receive ISO 20022 by then. Contact us to build your migration plan.

Question 4

What is the MT–ISO 20022 coexistence period?

Accepted Answer

During 2022–2025 many institutions process MT and ISO 20022 in parallel. This raises mapping and truncation risks. Contact us for coexistence testing and controls.

Question 5

What happens if a bank doesn’t migrate?

Accepted Answer

Expect rejected payments, data loss, compliance gaps and reputational impact, plus missed data monetization opportunities. Contact us for a fast risk assessment.

Question 6

How does ISO 20022 help corporates?

Accepted Answer

Richer remittance data improves reconciliation, automation with ERP/treasury, and cash visibility. Contact us to align corporate formats with bank channels.

Question 7

What does ISO 20022 change for securities?

Accepted Answer

It harmonizes post-trade flows (settlement, corporate actions, reporting) and improves interoperability. Contact us to plan ISO 20022 adoption in securities ops.

Question 8

What are structured postal addresses?

Accepted Answer

Addresses are split into standard fields (street, city, country, code) to reduce ambiguity and meet regulatory expectations. Contact us to validate and structure address data.

Question 9

What are ultimate debtor/creditor fields?

Accepted Answer

They identify the true originator and beneficiary behind a payment, improving transparency and AML outcomes. Contact us for implementation guidance.

Question 10

How do LEIs and purpose codes improve compliance?

Accepted Answer

LEIs validate counterparties; purpose codes explain payment intent. Together with structured remittance data they strengthen AML/KYC and Travel Rule compliance. Contact us to embed these fields effectively.

Question 11

How does ISO 20022 support instant payments?

Accepted Answer

Real-time schemes like FedNow, Aani and Sarie are ISO 20022-native. Structured data enables speed with better screening and analytics. Contact us to prepare for instant rails.

Question 12

What is message truncation and how do we avoid it?

Accepted Answer

Truncation is loss of rich ISO 20022 fields when converting to legacy formats, causing rejects and audit issues. Contact us for validation rules and conversion controls.

Question 13

Can ISO 20022 data be monetized?

Accepted Answer

Yes—use structured data for FX optimization, client insights, targeted services and premium reporting. Contact us to design a payments data monetization roadmap.

Question 14

What is BIS Project Keystone and are you ready for it?

Accepted Answer

BIS Keystone shows how ISO 20022 can power liquidity, compliance and operational analytics across wholesale payment systems. Nth Exception’s Nucleus Data Fabric is Keystone-ready today. Contact us for a live demo.

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