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ISO 20022 Migration: Compliance at Scale

Delivering ISO 20022 readiness across 6 countries and defining a five-year strategic roadmap for future growth.

A Tier 1 global bank needed a seamless path to ISO 20022 compliance, but complex system integrations, tight regulatory timelines, and the scale of change posed significant challenges.

RedCompass Labs delivered a full migration program across six countries, integrating the FIS solution with 25+ impacted systems and establishing direct connections to T2 and CHAPS.

With a structured, end-to-end approach, we ensured the bank met its deadlines while defining a five-year strategic roadmap for ongoing optimization and future growth.

Our services in action

The Challenge

Complex integration

Seamless integration with legacy systems was a major hurdle—the bank needed to incorporate the FIS solution into its existing technology stack without disrupting operations.

Data migration and mapping

Data migration and mapping posed a challenge, requiring precise handling to ensure accuracy, integrity, and full compatibility with the new ISO 20022 standard, all while keeping critical banking functions running smoothly.

Regulatory timelines

With tight regulatory deadlines looming, the bank had fallen behind schedule, putting compliance at risk and increasing pressure to accelerate the implementation without compromising quality.

The Solution

Migration roadmap

RedCompass Labs kicked off with initiation workshops, defining the business case, options, and resource planning to align stakeholders and create a clear migration roadmap.

Integration strategy

Through system analysis and design, we mapped end-to-end requirements, system architecture, and key risks to build a resilient, low-risk integration strategy.

Testing and go-live

To ensure a smooth transition, we optimized end-to-end testing with synthetic data and managed deployment sequencing, dependencies, and contingency planning for a seamless go-live.

The Results

RedCompass Labs successfully delivered the ISO 20022 program across six countries, ensuring seamless compliance and integration. We established direct connections to T2 and CHAPS, enabling smooth access to critical payment systems.

To support this transition, we updated over 25 impacted systems, synchronizing changes across the bank’s infrastructure.

Beyond immediate compliance, we also defined a five-year strategic roadmap, providing a clear path for ongoing optimization and future enhancements.

ISO 20022 ready across 6 countries

Established 2 direct connections

Implemented changes to 25 systems

A structured approach to success

RedCompass Labs provided the expertise and structured approach we needed to successfully deliver our ISO 20022 migration across six countries. Their ability to integrate the FIS solution with our complex legacy systems, establish direct connections to T2 and CHAPS, and synchronize changes across 25+ impacted systems was instrumental in meeting our regulatory deadlines. Beyond compliance, they helped us define a five-year strategic roadmap, ensuring our payments infrastructure is future-proofed and ready for ongoing innovation.

Head of Global Payments Solutions, Tier 1 International Bank

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