Oracle secures Swift-compatible applications by 2025.

2025-10-02

Oracle Financial Services’ Banking Payments solution has been certified as a Swift Compatible Application.

Banks can use Oracle’s products to meet Swift standards for payment security, interoperability, and regulatory compliance while enjoying the benefits of AI-enabled payment messaging processing.

Secure and standard-compliant payment solutions

Oracle Financial Services offers solutions in retail banking, corporate banking, payments, asset management, life insurance, annuities, and healthcare payers. These integrate seamlessly with digital data platforms to support modern financial services and customer-centric innovations.

Oracle Banking Payments is built on the ISO 20022 framework and operates as a subscription-based application that processes various payment types. It remains updated to reflect scheme rulebooks and guidelines, providing customers with a compliant and compatible digital payment processing platform.

The industry is preparing for the migration from legacy financial messaging formats to the ISO 20022 MX standard, which will become mandatory in November 2025 as the global standard for high-value payments and cash reporting. Oracle Banking Payments solutions facilitate easy migration to these new formats while ensuring compliance with Swift deadline requirements.

Users benefit from enhanced transparency, analytics, compliance, and fraud detection capabilities. The adoption of this framework enhances safety, supports real-time payments, and delivers superior customer experiences. Oracle’s Swift-validated banking solutions enable banks to leverage data availability, facilitate precise reconciliations, speed transactions through straight-through processing, and drive new digital banking innovations.

The Swift Compatible Application designation focuses solely on interoperability with relevant Swift services and products, granted annually based on specific criteria that reflect the application’s capability to provide such interoperability within a Swift environment. These criteria are typically reassessed each year.