Companies

Swift Accepts Community Request to Extend Structured Address Migration for ISO 20022 Payment Messages

Swift

"Swift will apply a controlled extension of Standards Release 2026: Swift will defer all payments changes. For the structured address requirement, Swift over the coming weeks will consult with banks, central banks, and payment market infrastructures as well as with market practice groups and corporates to define the optimal timing and approach. It will provide an update by December, at the latest, as part of its governance cycle. Other payments changes planned for November will be phased separately."

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Companies

HSBC and Standard Chartered Execute First Live Tokenised Deposit Transaction on Swift’s Ledger

Asset Servicing Times

"HSBC and Standard Chartered announced the completion of bank-to-bank tokenised deposit interoperability through the first live cross-border transaction on Swift’s blockchain-based ledger. The transaction — conducted through exchange of payment messages between the two banks using Swift’s ledger — was recorded as tokenised deposit obligations on both HSBC’s Tokenised Deposit Service (TDS) and Standard Chartered’s tokenised-deposit infrastructure."

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Companies

Swift: A Better Cross-Border Payment Experience Is Here

Swift

"The industry has worked towards a simple ambition: making cross-border payments feel as seamless as domestic ones. That ambition is becoming a reality. In some of the world’s busiest remittance corridors, consumers can now send money across borders with greater speed, transparency and predictability. Payments from Australia to Spain have been completed in as little as 23 seconds, while transfers from Australia to India have arrived in 37 seconds. This progress is being delivered by Swift’s new scheme—a shared framework for retail payments."

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Companies

Swift’s Blockchain Ledger Ready for Use as 17 Banks Set to Pioneer Tokenised Cross-Border Payments on Trusted Global Infrastructure

Business Wire

"Swift moves from concept to activation of blockchain-based ledger in nine months. 17 banks from six continents are now preparing to pilot live transactions using tokenised deposits for 24/7 payment availability and better liquidity efficiency. The addition to Swift’s resilient global platform marks a key milestone for regulated digital assets, creating a foundation that could support future innovations in areas such as programmable money and agentic commerce."

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Companies

Swift Enables Blockchain Ledger for Cross-Border Payments

IBS Intelliegence

"Swift has activated its blockchain-based ledger infrastructure, enabling banks to pilot tokenised deposit transactions for 24/7 cross-border payments and improved liquidity management. The new ledger was developed to support regulated digital asset transactions, allowing participating banks to move tokenised value across borders while maintaining existing compliance, risk and settlement controls. Swift said 17 banks across six continents have prepared to test live transactions using the infrastructure."

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Companies

How to Survive the Swift ISO 20022 Hybrid Address Translation

RedCompass Labs

"Nearly a third of banks are still working with unstructured customer addresses. The problem extends beyond their own records. Corporate clients, ERP systems, and treasury platforms all need to be aligned before November 2026. There are two areas of impact: Parties (the debtor and creditor) and Agents (the financial institutions in the payment chain). Both will be affected. Banks relying on translation services to convert MT to MX messages face problems come November 2026. MT messages need the right ingredients to be translatable. Get the mix wrong, and the payment fails."

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Companies

ISO 20022 Milestone for November 2026: Unstructured Addresses to Be Removed

Swift

"As the global payments community continues its transition to ISO 20022, a key component of the transition will be the removal of unstructured postal addresses, planned for November 2026 as part of the SR 2026 standards release. The removal of unstructured addresses will improve data quality in cross-border payments. Structured address data allows for greater straight-through processing, more effective compliance screening and enhanced transparency across the payments chain."

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Companies

Swift Names 30 Ripple-Connected Banks in Its New Payment Framework

TechStock²

"SWIFT just announced the biggest overhaul to its retail payments infrastructure in years. It’s a new framework called “Global Payments for Consumer Payments” that brings together over 50 banks across over 25 corridors, with the first wave going live by mid-2026. The framework covers five of the world’s ten largest remittance markets, and it promises near-instant settlement, predictable fees, and full transparency on every transaction.The framework promises upfront fee certainty, full-value delivery with no deductions along the way, near-instant settlement where local infrastructure allows, and end-to-end traceability on every transaction."

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Companies

SWIFT Blockchain Pivot Puts XRP Back in Cross-Border Spotlight

Yahoo Finance

"SWIFT is building blockchain-based cross-border payment infrastructure with more than 40 global banks targeting a live scheme by mid-2026, and the plumbing it is laying quietly positions XRP crypto as an optional liquidity rail inside that network. The mechanism is not a partnership announcement or a headline integration, it runs through Thunes, a payments company now embedded in SWIFT’s network, whose connections reach Ripple’s payment products and, by extension, XRP’s on-demand liquidity functions."

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Companies

ISO 20022 Milestone for November 2026: Unstructured Addresses to Be Removed

Swift

"As the global payments community continues its transition to ISO 20022, the new global standard for cross-border payments, a new milestone is on the horizon. A key component of the transition will be the removal of unstructured postal addresses, planned for November 2026 as part of the SR 2026 standards release. The removal of unstructured addresses will improve data quality in cross-border payments. Structured address data allows for greater straight-through processing, more effective compliance screening and enhanced transparency across the payments chain."

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Companies

Swift: Transforming Consumer Payments: Banks Roll Out New Framework for Retail Transactions

Swift

"Last year, we announced plans to transform the cross-border payment experience with the launch of a new scheme, designed to ensure consistently fast, predictable and transparent payments worldwide. Thanks to progress in 2026, consumers and small businesses receiving payments across a range of countries, including five of the world’s ten largest remittance markets, will be among the first to benefit from a pioneering new framework for cross-border retail transactions."

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Companies

BNY and SWIFT Launch Blockchain Ledger

Banking Exchange

"BNY has partnered with global financial messaging network SWIFT to develop a blockchain-based ledger designed to enhance cross-border payments and support the settlement of tokenized assets. Rather than replacing existing systems, the initiative will focus on building an interoperable layer designed to complement SWIFT’s established global messaging network."

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Companies

Swift: A Year of Shared Progress: 5 Highlights From 2025

Swift

"In 2025, the global financial community counted on Swift more than ever. We saw double-digit traffic growth and a new record of over 68 million messages exchanged in a single day. Read on to discover some of the highlights."

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Companies

Ant International and HSBC Test New Cross-Border Payments Solution Using Tokenised Deposits on Swift’s Network and Powered by ISO 20022

Yahoo Finance-Business Wire

"Ant International, HSBC and Swift have completed a successful Proof of Concept (POC) for the cross-border transfer of tokenised deposits using ISO 20022 standards. The initiative leverages Swift’s global messaging network and HSBC’s recently launched Tokenised Deposit Service, combined with Ant International’s blockchain technology."

Tags: Ant International HSBC Swift

Companies

8 Reflections from Swift at Sibos 2025

Swift

"The theme of this year’s event was ‘The next frontiers of global finance’. More than 500 expert speakers joined us to discuss topics like the interoperability of digital assets, T+1 settlement and the use of AI in combatting payments fraud. Read on to discover eight key takeaways from this year’s event."

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Companies

How AI Is Powering the ISO 20022 Postal Data Transition

Swift

"Thousands of institutions are already reaping the benefits of migrating to ISO 20022. But some upcoming ISO 20022 deadlines require careful planning, including the move from unstructured to structured postal data. Here’s how we're helping financial institutions make this transition as smoothly as possible. By November 2026, banks must stop using unstructured postal addresses in certain ISO 20022 payment messages to avoid message rejection, fundamentally changing how address data is captured, stored and transmitted."

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Companies

ISO 20022 in Bytes for Payments: One Month to Go

Swift

"The 2025 CBPR+ deadline is only one month away. The November deadline means that financial institutions must ensure they have adopted the ISO 20022 global payment standard. Otherwise, they may need to do last-minute preparations to avoid any adverse impact on their organisation and customers."

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Companies

Swift to Add Blockchain-Based Ledger to Its Infrastructure Stack in Groundbreaking Move to Accelerate and Scale Benefits of Digital Finance Across More Than 200 Countries and Territories Worldwide

Swift

"Swift announced that it will add a blockchain-based shared ledger to its technology infrastructure, a pivotal step for global finance that promises to make instant, always-on cross-border transactions possible at unprecedented scale. Swift already has kicked off work with a group of more than 30 financial institutions globally to design and build the ledger, focused on a first use case of real-time 24/7 cross-border payments and starting with a conceptual prototype by Consensys. Swift will work at pace to complete the prototype in phase one and define its future phases of work."

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Companies

Transforming the Experience for Retail Cross-Border Payments

Swift

"At Swift, the priority is to make cross-border payments as fast and seamless as domestic ones. With the latest major initiative, they are launching a new scheme to guarantee a consistently fast, predictable, and transparent experience for retail customers worldwide. Together with a coalition of over 30 early-adopter banks, rules will set a new standard for consumers and small businesses sending money internationally."

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Companies

Swift AI Innovation Creates Blueprint for Banks to Stop Fraud Faster Through Cross-Border Collaboration

Business Wire

"Groundbreaking experiments led by Swift have demonstrated the potential impact AI and secure cross-border data collaboration could have on reducing fraud levels in international payments. Working with 13 global financial institutions, the experiments used privacy-enhancing technologies (PETs) to enable institutions to securely share fraud insights across borders. In one use case, the PETs enabled participants to verify intelligence on suspicious accounts in real-time. In a separate use case, participants used a combination of PETs and federated learning – an AI model that ‘visits’ each institution to train on its data locally to identify anomalous transactions. "

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Companies

ISO 20022 for Financial Institutions: Navigating the End of Coexistence

Swift

"Are you prepared for the end of coexistence inNovember 2025? After 22 November 2025, the coexistence period between MT & ISO 20022 ends, and all cross-border payment instructions sent by financial institutions must be exchanged in the ISO 20022 messaging standard."

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Companies

ISO 20022 in Bytes for Payments: Just Six Months to Go

Swift

"As the financial sector rapidly approaches the November 2025 CBPR+ deadline, adopting the ISO 20022 global payment standard has never been more essential. With the industry moving forward, now is the time to act."

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Companies

It’s Time To Transform Exceptions and Investigations

Swift

"The industry has a lot to gain from transforming the way it processes exceptions and investigations. Through in-depth research with our community, we’ve quantified this huge opportunity and demonstrated how our enhanced Case Management solution can help achieve it."

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Companies

How Barclays Is Collaborating To Simplify ISO 20022 Adoption

Swift

"With the November 2025 deadline for payments instructions fast approaching, Barclays shares insights from their ISO 20022 migration journey, adopting the ISO 20022 Rulebook for Payment Initiation Relay, and highlight the importance of collaboration."

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Companies

Swift’s Line in the Sand for a New Payment Message

American Banker

"One way or another, all international Swift payments will follow the ISO 20022 standard by the Nov. 22 deadline, according to the financial messaging provider.  "We will no longer deliver payment instructions in anything but ISO 20022 after the deadline," Stephen Lindsay, head of market infrastructures and standards for Swift, told American Banker. Swift supervises the ISO 20022 standard for international payments." [Subscription Required]

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Companies

How We’re Enabling a Seamless Payments Experience for Corporates Around the Globe

Swift

"Corporates worldwide face a range of challenges in managing payments. Gaining visibility into the status of their cross-border transactions can be difficult, as can achieving transparency on FX rates and associated charges...By making our new FINplus service available to the corporate community, we’re introducing a payment instruction standard for corporates enabling them to reap the benefits of ISO 20022, such as improved reconciliation, better forecasting of payment flows, and improved working capital management."

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Companies

ISO 20022 in Bytes for Payments: Maintaining the Momentum in 2025

Swift

Adopting the new global standard for payments is more important than ever. As the financial industry moves closer to the CBPR+ November 2025 deadline, see what’s new.

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Companies

Growth at a Crossroads: New Report Reveals High Cost of Financial Fragmentation

Swift

"A new report from Economist Impact, supported by Swift, highlights the growing cost of financial fragmentation on countries, economies, businesses, and people’s lives."

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Companies

How ISO 20022 Is Helping Diamond Trust Bank Achieve Operational Excellence

Swift

"The MT/ISO 20022 cross-border co-existence period is coming to an end. Diamond Trust Bank shared how adopting the global ISO 20022 messaging standard can help financial institutions unlock strategic benefits."

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Companies

Connecting the Global Financial Community: Our Year in Review

"This year, we worked closely with our community to shape the next phase of our strategy, which at its core, aims to ensure we maintain the highest standards for operational excellence and enable financial institutions to provide a best-in-class cross-border transaction service to their customers."

Tags: Swift