ISO 20022 Migration

Solutions for SWIFT, Fedwire®, Euro1, T2, and other clearing infrastructures


Average customer savings in cost and time using Volante

All financial institutions need an ISO 20022 solution. For large financial institutions with multiple direct market infrastructure connections including SWIFT for cross-border payments, ISO 20022 modernization offers significant opportunities in the form of improved straight-through processing, richer payment data, and enhanced interoperability.

Banks face implementation challenges.  ISO 20022 deadlines, migration strategies, and rulebooks vary by SWIFT and payment market infrastructures. Remittance and reference data may get truncated when translating from ISO to legacy standards, which in turn affects transparency and compliance as legacy systems may not process or make use of the enriched data.

Modernizing is easier and faster than you think. With VolPay, it’s possible to address the complex challenges of ISO 20022 migration programs with minimal impacts to existing systems. Whatever the deadlines, it’s in the best interest of banks and financial institutions to begin their ISO 20022 migration journey now.

Find Out Why Citi is Collaborating With Volante For ISO 20022 Migration and Modernization

Volante Technologies and Citi Treasury and Trade Solutions (Citi) are deepening their longstanding relationship to accelerate the bank’s adoption of the ISO 20022 financial messaging standard across its global payments operations. As a result of this collaboration, Citi will be the first Volante customer to offer a unified approach to ISO 20022 migration across the globe.

Volante’s ISO 20022 Solution

Only Volante and VolPay for ISO 20022 Migration can help you with the entire ISO 20022 migration lifecycle, from standards compliance through to payments modernization.

VolPay for ISO 20022 Migration

VolPay for ISO 20022 Migration addresses the challenges of variable timelines, legacy systems, and data truncation, allowing banks to meet mandatory deadlines without requiring changes to legacy systems


  • Modular, configurable, component-based
  • Bulking/debulking, validations, transformations, enrichment
  • Sanctions/fraud orchestration
  • Transformations between legacy and ISO 20022 formats 
  • ISO 20022-fluent canonical data model


  • Simplify complexity of multiple market infrastructure migrations 
  • Lower cost and risk of migration projects 
  • Rapid implementation – live in twelve weeks
  • Addresses data truncation issues by maintaining extended data  
  • Insulates core systems from mandatory migrations


  • Open microservices architecture 
  • Supports SQL and NoSQL databases  
  • Cloud-native, cloud-agnostic 
  • Best-in-class performance and scalability

Supported Message Standards

  • SWIFT MT and MX: Payment messages (CAT 1, 2, and 9) 
  • US: Fedwire®, CHIPS, RTP 
  • Europe: T2, Euro1; SEPA – SCT, SDD, IP
  • Global: CBPR+, HVPS+

Why Volante

We are excited to continue our partnership with Volante with this investment and we look forward to seeing how Volante will continue to innovate and advance their payment capabilities

Jason Christensen, Head of Payments and Treasury, Wells Fargo
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We see Volante as an important and innovative player. Its modern, componentized, cloud-native solutions and services will enable financial institutions and payments processors to accelerate adoption of ISO 20022 regulations

Tushar Puranik, Managing Director, Banking & Payments Technology, Deloitte
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Frequently Asked Questions

ISO 20022 is the emerging standard the financial industry is adopting to establish consistent message and data interchange across all business processes.

There is urgency behind this initiative because cross-border payment messages sent over the SWIFT network are moving to the ISO 20022 standard starting at the end of 2022. SWIFT is mandating this change and will give the industry until November 2025 to migrate.

In addition, payment market infrastructures such as: T2 and Euro 1 in the Eurozone; Fedwire, CHIPS and Lynx in North America; and CHAPS and NPA in the UK are all re-engineering and modernizing their payment platforms and adopting ISO 20022. 

These changes will affect any financial institution that sends or receives payment messages, such as corporations, broker/dealers, asset managers, custodian banks, etc.

The benefits associated with ISO 20022 are numerous:

  • Provides the foundation for future efficiencies in payments processing
  • Improved transparency from a compliance perspective; it’s easier to detect fraud and analyze AML and sanctions problems
  • Provide complete and structured data i.e. debtor and creditor names and addresses and full remittance information
  • Increased automation and STP; better reconciliation and fewer errors
  • Better customer experience that allows banks to offer clients innovative products
  • Allows interoperability between cross-border and domestic payment rails

  • Changing migration timelines
  • Increased complexities in rule books and migration strategies and plans
  • Internal complexities and integration with legacy technology is a concern
  • Operational processing may become affected and education of staff will be necessary
  • Data loss and message truncation 

Technology is essential in getting ready for the ISO 20022 migration, whether that means replacing legacy technology altogether, or the quick implementation of spot solutions to help facilitate translation, validation, routing, enrichment, de-bulking/bulking, sanctions/fraud/AML orchestration, and other microservices.  

Ready to learn more?