BAFT ISO 20022 Migrations: Best Practices & Guidance

The second whitepaper in a three-part ISO Migration series, the ISO 20022 Migrations: Best Practices and Guidance, provides critical insights, strategies, and recommendations for financial institutions navigating the migration to the ISO 20022 global messaging standard for electronic data interchange between financial institutions.

This paper explores:

• Key considerations and challenges faced, and the pitfalls to avoid, during an ISO 20022 migration, based on real-time practical experiences
• Different implementation strategies
• Overarching need for timely communication, education, and testing for both internal staff and external customers
• The need for continued interoperability between the different market infrastructure providers
• The need to understand the role of your application providers, their product timelines, and product roadmaps
• Need for a solid internal ISO 20022 project plan, dedicated resources, and a defined contingency plan

Access the Whitepaper Below

Check out the other ISO 20022 Migration whitepapers in this three-part series.

• ISO 20022 Migration: Lessons Learned, published January 2024
• ISO 20022 Migrations: Lessons Learned in Sanctions and Compliance, published July 2025