Broadridge Financial Solutions has rolled out ISO 20022 cash processing features on its post-trade platform. This move is aimed at helping the company’s global bank and broker-dealer clients prepare for the November 2025 Swift migration deadline, when Swift will stop supporting ISO 15022 payment messages.

The significance of ISO 20022

The transition to ISO 20022 represents a major shift in Swift messaging standards after over two decades. This new standard allows for more detailed and structured data within transactions, offering enhanced transparency and flexibility compared to older formats. Such structure is expected to boost processing efficiency and open up opportunities for new financial services.

Broadridge’s Approach

According to Broadridge representatives, the company has taken steps to minimize disruption by implementing ISO 20022 on its post-trade platform ahead of schedule. This early adoption is expected to lower compliance costs and reduce risks associated with the industry-wide transition. Officials also pointed out that clients are now better positioned to explore the potential uses of ISO 20022 beyond just regulatory requirements.

Broadridge’s strategy emphasizes building a robust foundation to support future developments in messaging frameworks. This proactive approach aligns with the company’s commitment to guiding clients through mandated changes in an organized manner.

As the 2025 deadline approaches, Broadridge’s completion of ISO 20022 integration underscores the extensive work required across the industry to ensure readiness for this significant shift. The move is part of broader efforts by financial market infrastructure providers to modernize their systems in line with evolving global standards.