ISO 20022: Don’t Get Left Behind
| | Senior Vice President Strategic Product Management und Analyst Relations; Payments Modernization Consultant, Movitz Payments
In our three-part podcast series on ISO 20022, we talk to Isak Penttila, Payments Modernisation Consultant at Movitz Payments and a long-standing ISO 20022 expert.
ISO 20022 is the payment standard of the future, and the November 2025 deadline for banks set by Swift is fast approaching. Yet many banks have not even started to implement ISO 20022 – or have only invested the bare minimum of time and money to be just about compliant with Swift’s requirements.
However, if they want to not only utilise ISO 20022, but also benefit from the many advantages that the payment standard can offer, they need to do more than just the minimum.
This also applies to the banks’ corporate clients: although the November 2025 deadline does not apply to them, they will also have to gradually switch over. However, it is precisely here that the potential benefits that companies can also gain from ISO 20022 have not yet really got around.
In an interview with SEEBURGER expert Ulf Persson, Isak Pentilla explains what ISO 20022 actually is and what banks and companies can expect. He discusses practical tips and strategies on how both banks and companies can best prepare for the migration.
Part 1: What is ISO 20022? This will be an overview of what it is, why it’s happening
Part 2: Why should we care about ISO 20022? This will cover the potential benefits and opportunities of ISO 20022
Part 3: How do we prepare for ISO 20022? This episode will provide an overview of the requirements and the Milestones
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Written by: Ulf Persson, Isak Penttila
As SVP Strategic Product Management and Analyst Relations, Ulf is responsible for strategic product management, product marketing, global analyst relations and leadership with regards to SEEBURGER integration technology, platform and integration services. This also includes strategic sales and marketing initiatives. Ulf works across multiple industry verticals such as Financial Services/Payments, Automotive, Logistics, Utilities, Retail, CPG and Manufacturing. Ulf has more than 30 years of global business and technology experience working with product and solution delivery of integration technologies (EAI, EDI, B2B, MFT, API, etc.), Analytics and Big Data, Cloud Services, Digital Transformation and various industry initiatives. Before joining SEEBURGER in October 2016, Ulf worked in various global leadership roles with international business integration technology and cloud services providers. With a wealth of experience spanning multiple continents and a deep understanding of global payment modernization initiatives, Isak Penttila is a leader in the ISO 20022 community. Today, he leads the Consulting Practice at Movitz Payments.
