Broadridge Delivers ISO 20022 Cash Messaging Ahead of Swift 2025 Deadline
Broadridge has announced the successful delivery of full ISO 20022 cash processing capabilities for its post-trade bank and broker-dealer clients. This achievement places clients ahead of the November 2025 Swift Standard Release, when ISO 15022 payment messaging will be discontinued.
By proactively rolling out ISO 20022, Broadridge has ensured that clients can transition smoothly without the disruption and costs often associated with mandatory market changes. The milestone reinforces Broadridge’s role as a trusted partner in critical market infrastructure upgrades.
Danny Green, Head of International Post-Trade answers at Broadridge, said:
“At Broadridge, we are committed to making sure that our clients are positioned to use mandatory change as a springboard for growth. The Swift ISO 20022 transition marks the most significant change in Swift messaging that the financial markets have viewn in more than 20 years. As an industry leader, we have implemented this change across our post-trade platform, de-risking the transition for clients and minimizing their cost to implement. As a result, our clients are not only compliant with the November 2025 deadline, ahead of schedule, but are positioned to take advantage of the enhanced capabilities that ISO 20022 provides.”
Unlocking Richer Data and Transparency
The migration to ISO 20022 delivers more than regulatory compliance. The new standard significantly enhances the structure and flexibility of financial messaging, enabling richer data capture and improved transparency in transactions. Compared to the older ISO 15022 format, ISO 20022 supports more detailed business information, which can streamline reconciliation, reduce errors, and strengthen regulatory reporting.
Broadridge’s implementation ensures that its clients can harness these advantages now, well before the industry-wide deadline. Enhanced for automation, analytics, and operational efficiencies that extend beyond compliance to drive long-term value.
The company’s proactive stance also minimizes risk by ensuring readiness for future expansions of ISO 20022 capabilities, which are expected to cover more asset classes and transaction types in the years ahead.
A Foundation for Future Market Evolution
Broadridge’s approach to ISO 20022 has been grounded in proactive product management and collaborative implementation. By embedding flexibility into its post-trade platform, the company has created a foundation for further enhancements, ensuring that clients can easily adapt as the standard evolves.
With Swift set to enforce the transition in November 2025, institutions that delay implementation face heightened penalties. Broadridge’s ahead delivery provides its clients with certainty and a competitive advantage, giving them more time to optimize their operations and leverage new opportunities tied to data-rich messaging.
The milestone reflects Broadridge’s broader strategy: to assist clients turn regulatory change into operational improvement and growth. By being both a compliance enabler and an innovation partner, Broadridge reinforces its position at the heart of post-trade infrastructure transformation.
Investor Takeaway
