Objective
The session was organised in collaboration with the Indian Banking community to assess the readiness of banks for ISO 20022 migration, while aligning industry efforts towards achieving the G20 cross-border payments goals by 2027. The engagement aimed to address key implementation challenges, share global perspectives, and strengthen collective momentum ahead of the November 2025 deadline.
Key Highlights
Context / Background
Swift has been working closely with the Indian Banks Association throughout the year to build awareness and readiness for ISO 20022 adoption. With the migration deadline approaching, multiple engagements have been conducted to support banks in their transition journey, with this session further accelerating industry momentum.
Event Overview
The session brought together representatives from across the Indian banking ecosystem, with strong participation from key institutions and senior stakeholders. The event served as a platform for collaborative dialogue on both ISO 20022 readiness and alignment with G20 priorities.
Leadership Messaging
The session was hosted by Rajshree Jain and featured insights from Julie Bolan and Susana Delgado.
Discussions underscored the urgency of timely migration to ISO 20022, the importance of data standardisation in achieving G20 objectives, and the need for continued collaboration across the ecosystem. The panel discussion on “ISO 20022 – Navigating Successful Transition” highlighted practical considerations and best practices for banks.
The session was also attended by Tarandeep Singh Lamba, reflecting strong leadership engagement.
Takeaways
- Reinforced the urgency for banks to accelerate ISO 20022 readiness ahead of the November 2025 deadline
- Highlighted the critical role of ISO 20022 in achieving G20 cross-border payments targets
- Emphasised the need for continued industry collaboration and knowledge-sharing
- Provided global and regional perspectives on data readiness and migration progress
Participation Overview
- 65+ participants from the Indian banking community
- Strong representation from leading banks and senior stakeholders
Closing Statement
As the industry progresses towards the ISO 20022 deadline, the focus is increasingly shifting from readiness to value realisation. Continued collaboration between Swift, IBA, and the banking community will be key to not only ensuring a smooth transition but also unlocking the full potential of enhanced data for improved cross-border payment experiences.