The ISO 20022 CBPR+ deadline is nearly here.
Are you ready?
If you’re reading this, maybe not.
ISO 20022 was first introduced in 2004. But as of May 2025, only 41.2% of traffic on the Swift network is using the ISO 20022 format.
That means banks now have just a few months left to migrate their MT messages (payment instructions) to the new MX format ahead of the CBPR+ deadline on 22 November 2025. After this date, Swift’s FIN (Financial Information Network) will no longer support MT messages for financial institution-to-financial institution cross-border payments.
If you’ve fallen behind, don’t worry — we’ve got you covered.
This guide will help you build a contingency plan. Inside, you’ll find:
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An overview of Swift’s translation services — and what they mean for message handling, validation, and any associated charges
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Clear steps to maintain compliance and business continuity as the changes take effect
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A practical checklist to support a smooth transition and avoid disruption
If you need help navigating any of the changes, we’re here to support you.
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Written by

Divya Tak
Senior Business Analyst, RedCompass Labs

Praveen Bhosale
Lead Business Analyst, RedCompass Labs