The Eastern Caribbean Central Bank hosted a Swift ISO 20022 and Cross-Border Payments and Reporting Plus training for commercial banks operating in the Eastern Caribbean Currency Union, aimed at supporting readiness for Swift’s November 2025 deadline to migrate core payment messages to ISO 20022. Delivered at the ECCB’s headquarters in Saint Christopher (St Kitts) and Nevis over 20–21 October, the sessions covered ISO 20022 message structure, message flows, and use of key payment message standards being rolled out by Swift. The ECCB highlighted that ISO 20022’s richer, structured data is intended to improve operational efficiency, fraud detection, and payment transparency, supporting faster processing, more accurate compliance, and improved customer service.
Eastern Caribbean Central Bank 2025-10-24
Eastern Caribbean Central Bank hosts Swift training to prepare ECCU banks for the November 2025 ISO 20022 migration deadline
The Eastern Caribbean Central Bank conducted a training session for commercial banks in the Eastern Caribbean Currency Union on Swift ISO 20022 and Cross-Border Payments and Reporting Plus. The training, held in Saint Christopher (St Kitts) and Nevis, focused on preparing banks for Swift’s November 2025 migration deadline. ISO 20022 aims to enhance operational efficiency, fraud detection, and payment transparency.