ISO 20022: Are you ready for CBPR+?
The November 2025 deadline for ISO20022 compliance is fast approaching, and financial institutions that aren’t prepared risk operational disruptions & financial penalties. This latest impact study breaks down the key challenges, expert insights, and a six-step roadmap to help you navigate the transition seamlessly.
This impact study explores the challenges and strategies for financial messaging professionals to ensure compliance with the ISO 20022 standard by November 2025. The study explains about the importance of adopting ISO 20022 for CBPR+ to enhance analytical capabilities, improve service offerings, and strengthen compliance efforts. It outlines six key steps for achieving compliance: internal assessment and impact analysis, finding and managing partnerships, creating a project plan, testing, implementation and roll-out, and futureproofing. The study also discusses the potential consequences of non-compliance, including operational, business, financial, and transparency impacts. Additionally, it emphasizes the need for financial institutions to accelerate their migration efforts to avoid the risks associated with non-compliance.
