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ISO 20022 in 2025: Urgent need for better orchestration across Market infrastructures

Close-up of Verifone contactless payment system with text reading Tap to Pay, San Ramon, California.
Photo: Smith Collection/Gado/Getty Images

The 2025 ISO 20022 release exposes major orchestration gaps across Market Infrastructures.

As 2025 unfolds, the financial industry finds itself at a critical juncture in the ISO 20022 migration. The shift toward richer, more structured messaging is well underway, but as Market Infrastructures (MIs), financial institutions, and vendors race to align with evolving standards like CBPR+, operational complexity and interoperability risks are mounting.

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