AI and ISO 20022: The Smartest Way for Banks to Migrate

The banking industry stands at a critical inflection point. The migration to ISO 20022 represents more than a technical upgrade—it fundamentally changes how financial information moves through the global system. This transition is being approached with varying degrees of enthusiasm and trepidation by financial institutions worldwide. Many banks view ISO 20022 migration as a compliance burden—a complex, expensive project with hard deadlines and limited business value. This perspective is understandable but shortsighted. The institutions that are leading in this transition have discovered something important: when artificial intelligence is integrated into the migration process, what appears to be a costly technical project can be transformed into a strategic opportunity. The Migration Challenge: More Than Meets the Eye The shift to ISO 20022 is deceptively complex. On the surface, it involves moving from one message format to another. In reality, it touches nearly every aspect of ...