Oracle's Banking Payments Solution Achieves Swift Compatibility

September 29, 2025
Oracle Financial Services has announced that its Oracle Banking Payments solution is now Swift Compatible, enabling financial institutions to meet Swift standards for payment security and compliance.

Oracle Corporation has announced that its Oracle Banking Payments solution has been validated as a Swift Compatible Application. This achievement allows financial institutions to leverage Oracle's solutions to meet Swift standards for payment security, interoperability, and regulatory compliance, as announced in a press release. The application is built on the ISO 20022 framework and processes multiple payment types, ensuring compatibility and compliance with evolving financial messaging standards.

As the financial industry prepares for the full migration to ISO 20022 MX message formats, set to go live in November 2025, Oracle's solution enables a seamless transition while maintaining compatibility with legacy formats. This transition is crucial for regulatory compliance and enhancing real-time payment capabilities. Oracle Banking Payments also offers improved transparency, advanced analytics, and streamlined compliance processes, empowering banks to strengthen their operations and customer offerings.

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