Broadridge Financial Solutions has completed the implementation of full ISO 20022 cash processing capabilities across its post-trade platform, positioning its global bank and broker-dealer clients for the November 2025 Swift Standard Release deadline.

The upgrade marks a significant development in the financial industry’s shift to the ISO 20022 global messaging standard. This standard is designed to replace older messaging formats with a more data-rich and structured communication protocol.

Danny Green, Broadridge’s head of international post-trade solutions, commented on the implementation. “At Broadridge, we are committed to making sure that our clients are positioned to use mandatory change as a springboard for growth,” Green stated. “The Swift ISO 20022 transition marks the most significant change in Swift messaging that the financial markets have seen in more than 20 years.”

Green further explained that Broadridge, as an industry leader, has integrated this change across its post-trade platform to de-risk the transition for clients and minimize their implementation costs. This proactive approach ensures clients are compliant with the November 2025 deadline ahead of schedule and are prepared to leverage the enhanced capabilities provided by ISO 20022.

The ISO 20022 framework offers advanced message processing, delivering improved flexibility and richer data compared to legacy systems. This enables financial institutions to exchange more detailed information, which is expected to enhance transparency and accuracy across various payments and post-trade processes.

Broadridge’s implementation strategy extends beyond mere compliance, aiming to establish a robust foundation for future platform enhancements. This approach supports clients in adapting to ongoing market changes and capitalizing on upcoming developments within the ISO 20022 standard, ultimately leading to long-term improvements in operational efficiency and reporting.