Our latest insights and updates

Swift has extended the deadline for the migration to structured postal addresses in ISO 20022 payment messages, following requests from banking communities and domestic payment market infrastructures for more time.The change was originally expected to take effect in November 2026 as part of Standards Release 2026. However, Swift has confirmed that payment-related changes under this release will be deferred while it consults further with banks, central banks, payment market infrastructures, market practice groups and corporates.For correspondent banks, the extension provides useful breathing room — but it should not be treated as a reason to slow down. The move towards structured, high-quality payment data remains firmly in place.