Broadridge Delivers Full ISO 20022 Cash Messaging for Post-Trade Clients

Broadridge has rolled out end-to-end ISO 20022 cash processing across its post-trade platform, putting its global bank and broker/dealer clients in a strong position before SWIFT’s Standard Release in November 2025. The delivery covers the cash messaging flows that underpin settlement, funding, and reconciliation, enabling firms to operate with richer, more structured data from day one of the transition.

The firm says the program was deliberately executed ahead to convert “mandatory change” into a strategic advantage for clients. Broadridge is a global fintech and market infrastructure provider listed on the NYSE under the ticker BR, and it framed this rollout as part of its broader roadmap to modernize post-trade data flows.

With industry readiness uneven across regions and entities, bringing clients live now during the last-mile rush to compliance. It also creates room to pilot new data-driven workflows—such as enhanced investigations, exception handling, and automated matching—before the older formats are switched off.

Why an ahead ISO 20022 Launch Matters

“At Broadridge, we are committed to making sure that our clients are positioned to use mandatory change as a springboard for growth,” said Danny Green, Head of International Post-Trade answers at Broadridge.

He added: “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 , 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.”

The ISO 20022 migration enables more sophisticated message processing with significantly enhanced data structure and flexibility compared to the relatively limited scope of legacy formats. The standard supports more granular party, purpose, and remittance information, improving transparency and traceability across cash movements in complex post-trade chains.

From Compliance to Capability: What ISO 20022 Unlocks

For cash messaging, richer remittance and party data can shorten time-to-match, lower manual touch in reconciliations, and reduce payment investigation cycles. The improved semantic structure also gives compliance teams clearer inputs for AML and sanctions screening, cutting noise and assisting pinpoint true risk quicker.

Cross-border payments and post-trade cash flows benefit from alignment with domestic real-time rails that already favor ISO 20022 semantics. During the coexistence period, many firms struggle with dual-format operations; ahead implementation means Broadridge clients can migrate once and shield internal teams from format churn.

Technically, the rollout includes mapping and validation layers, canonical data models, and APIs that normalize inbound variability. That assists firms absorb counterparty differences while still producing consistent downstream records for ledgers, reconciliations, and analytics.

Implementation Strategy Built for Longevity

Broadridge’s implementation strategy has focused on creating a foundation for future enhancements, ensuring clients are positioned for potential future expansions of the . By decoupling message ingestion from internal data domains and surfacing normalized payloads through reusable services, firms can plug new capabilities into existing workflows with minimal disruption.

The company emphasized its collaborative implementation methodology, pairing product changes with readiness testing, format simulation, and phased go-lives. That reduces the need for urgent parallel runs later this year and gives operations teams time to tune controls and KPIs around the new data fields.

With the November 2025 deadline approaching, when SWIFT will discontinue processing ISO 15022 payment messaging formats, the ahead production rollouts provide a cushion. Clients can retire translation stop-gaps, rationalize exception queues, and embed richer narrative data into client communication and dispute reanswer.

Operational Payoffs—and What Comes Next

Firms that embrace the richer schema often view quicker, more reliable straight-through processing across cash funding for securities settlements and corporate actions. With structured purpose codes and detailed remittance, client service teams can resolve breaks in minutes rather than days, while treasury can forecast intraday liquidity needs with greater confidence.

The transition also lays groundwork for analytics use cases—data lineage for regulatory reporting, automated variance detection in reconciliations, and more accurate fee and interest calculations tied to payment attributes. As ISO 20022 evolves, those identical fields can underpin new operating models, including smarter matching between counterparties and real-time exception triage.

Broadridge signals that its post-trade platform will continue to add ISO-native enhancements through 2026, aligning with market practice updates and client demand. The company positions this delivery as part of a multi-year effort to modernize post-trade data flows in parallel with broader payments modernization in capital markets.