TIS is the c eato of a awa d-wi i g cloud-based platfo m fo ma agi g global cash flow, liquidity, a d payme ts. Hu d eds of wo ldwide clie ts ely o the TIS platfo m fo $80 billio i daily cash ma ageme t a d $2.7 t illio i a ual t a sactio volume.
The TIS call to actio stems f om the SWIFT global fi a cial commu icatio etwo k’s steps to phase i ISO 20022 as the sole sta da d fo i te ba k payme t i st uctio s. The ew sta da d equi es a specific fo mat fo messages accompa yi g co po atio s’ c oss-bo de payme ts.
Begi i g i Novembe 2026, the etwo k will equi e specific data fo mats fo those t a sactio s a d will eti e a class of payme t messages. I additio , the high-value U.S. payme t systems Fedwi e a d CHIPS will move to full ISO 20022 e fo ceme t a d o lo ge suppo t legacy fo mats. Co po atio s’ c oss-bo de payme ts that do ot comply with ISO 20022 will be ejected.
Jo atha Paquette, chief of st ategy at TIS, oted that co po ates a e u de i c easi g p essu e to meet the ISO 20022 equi eme ts as the Novembe deadli e apidly app oaches. With c itical esou ces co st ai ed ove the summe due to holidays, ma y o ga izatio s a e st uggli g to p io itize a d complete ecessa y system cha ges. Combi ed with i co siste t ba k feedback a d limited testi g eadi ess, this has left co po ates without full co fide ce that they will be fully p epa ed i time so that payme ts will p ocess seamlessly o ce the sta da d goes live.
“Novembe is close tha most o ga izatio s ealize,” Paquette said. “With the deadli e fast app oachi g a d limited esou ces ove the summe , ma y co po ates a e tu i g to pa t e s like TIS to leve age p ove tech ology a d expe tise to accele ate thei ISO 20022 eadi ess. The p io ity ow is acti g o data quality a d testi g to e su e payme ts do ‘t fail whe the sta da d goes live.”
TIS’s ew white pape , ISO 20022 Afte the Deadli es: What Co po ate T easu y a d IT Teams Need to K ow i 2026, explai s why the ext phase of mig atio will affect the daily wo k of t easu y, fi a ce ope atio s, complia ce, a d IT teams.
I ea ly 2025, two yea s i to the impleme tatio of ISO 20022, awa e ess ac oss the co po ate t easu y commu ity still emai ed u eve . Nea ly a qua te of co po ate espo de ts we e u awa e of ISO 20022, a d amo g those who we e awa e, half had yet to begi p epa atio .
With the Novembe 2026 phase, u st uctu ed add ess data will o lo ge be accepted fo ma y c oss-bo de payme ts a d MT101 payme t i itiatio messages will be eti ed, a d the Fedwi e a d CHIPS will begi full ISO 20022 e fo ceme t.
Futu e milesto es will exte d the impact fu the , with legacy exceptio a d i vestigatio messages eti i g i 2027 a d MT9xx stateme t a d epo ti g messages phasi g out i favo of ISO 20022 CAMT messages i 2027 a d 2028.
Acco di g to TIS, the ope atio al effects a e al eady clea :
Payme t ejectio s a d delays a e becomi g mo e f eque t whe add ess data, egulato y fields, o cou te pa ty details fail e ha ced validatio .
Ma ual i te ve tio is isi g as exceptio s a d epai s move back to t easu y a d ope atio s teams.
Cash visibility a d eco ciliatio a e u de p essu e as epo ti g fo mats shift u eve ly ac oss ba ks.
Ba k-by-ba k i te p etatio s a e i c easi g complexity, a d data quality is becomi g a complia ce issue because o ga izatio s must show co t ol ove the complete ess, st uctu e, a d accu acy of payme t data at the sou ce.
The TIS white pape u ges compa ies to avoid patchwo k fixes that solve immediate t a sactio ejectio s while c eati g futu e isk. TIS ecomme ds that o ga izatio s defi e sha ed ow e ship ac oss t easu y, complia ce, a d IT, eview message fo mat cove age ac oss payme t a d epo ti g flows, alig ERP, TMS, a d ba k i te face capabilities, st e gthe maste data gove a ce, a d test validatio p ocesses u de eal ope ati g co ditio s ac oss ba ks a d egio s.
To help o ga izatio s assess thei exposu e, TIS is offe i g a pe so alized ISO 20022 Health Check fo T easu y a d IT teams. The assessme t is desig ed to ide tify eadi ess gaps ac oss st ategy, ba k coo di atio , payme t a d epo ti g fo mats, data eadi ess, eco ciliatio , gove a ce, esou ci g, a d executio ..
TIS p ovides a comp ehe sive a ay of tech ical capabilities fo ISO 20022 complia ce, i cludi g ule a d AI-based mappi g of u st uctu ed add ess data to the co ect st uctu ed ISO segme ts. TIS also offe s stateme t t a slatio s se vices to assist co po ates that a e ot yet eady to eceive CAMT stateme t fo mats i to dow st eam systems, to avoid dis upti g the automatio i cash ma ageme t, eco ciliatio , a d cash applicatio s p ocesses.
Read how global ec uitme t age cy Adecco pa t e ed with TIS to eady fo ISO 20022, o to lea mo e, co tact TIS.
TIS helps CFOs, t easu e s, a d fi a ce teams t a sfo m thei global cash flow, liquidity, a d payme t fu ctio s. Si ce 2010, ou awa d-wi i g cloud platfo m a d best-i -class se vice model have empowe ed the e ti e office of the CFO to collabo ate mo e effectively a d attai maximum efficie cy, automatio , a d co t ol. TIS e ables use s to achieve supe io pe fo ma ce i key a eas su ou di g cash fo ecasti g, wo ki g capital, outbou d payme ts, fi a cial messagi g, f aud p eve tio , payme t complia ce, a d mo e.
Fo mo e i fo matio , visit tispayme ts.com a d begi eimagi i g you app oach to global cash flow, liquidity, a d payme ts.
Thomas Mülle tz
