The migration to ISO 20022 has already delivered significant change across cross-border payments, introducing richer and more structured data that promises greater efficiency, transparency, and interoperability. Yet one of the most operationally important milestones is still approaching: the November 2026 SWIFT CBPR+ deadline for structured postal addresses . While many financial institutions initially view this as another messaging format requirement, the reality is far more complex. The deadline is not simply about changing how addresses appear in payment messages. It is about understanding, controlling, and improving transaction data quality across the entire payment lifecycle. Since SR 2025, institutions have been allowed to use hybrid address formats within CBPR+ traffic, providing a transition period for adapting systems and processes. That flexibility will end in November 2026. From that point onwards, payments containing only unstructured address information will no ...
In recent years, the way we consume products and services were fundamentally changed, and perhaps more importantly, they changed our expectations of what good service should feel like. The Corona crisis accelerated two major trends in our consumption patterns. On the one hand, there was a clear move toward local and smaller-scale commerce . Some of this shift emerged out of necessity: transport became more difficult, larger crowded places created uncertainty, and local alternatives simply became more practical. But increasingly it also became a conscious choice. People wanted to support local businesses and preserve the social fabric of their communities. Shopping locally was not only about purchasing products; it became a way of staying connected. Buying bread from the local bakery, visiting nearby shops, or choosing local suppliers created a stronger sense of community and human interaction. At the same time, another trend accelerated at an enormous pace: eCommerce and digita...