Oracle Achieves Swift Compatible Application for Payments 2025

Empowers customers with secure, standards-based, and future-ready payments solutions for a rapidly evolving market

FRANKFURT, Germany, Sept. 29, 2025 /PRNewswire/ -- Oracle Financial Services today announced that Oracle Banking Payments has been validated as a Swift Compatible Application. With this achievement, financial institutions can feel confident in leveraging Oracle's solutions to help meet Swift standards for payment security, interoperability, and regulatory compliance, while benefitting from modern, AI-enabled payment messaging processing.

Oracle Banking Payments is built natively on the ISO 20022 framework. The subscription-based application processes multiple payment types and is constantly updated to reflect scheme rulebooks and guidelines to provide customers a compatible, compliant, and secure digital payment processing platform.

Readying for MX Migration 
As the industry prepares for the full migration from legacy financial messaging formats to ISO 20022 MX message formats, the mandatory global standard for high-value payments and cash reporting is set to go live in November 2025.

The future-ready ISO 20022 Oracle Banking Payments solutions will enable financial institutions to seamlessly migrate to MX formats to meet Swift deadlines while coexisting with remaining legacy formats. Users will also benefit from improved transparency, advanced analytics, and streamlined compliance and anti-fraud processes.

"As the coexistence window for legacy MT formats nears its end, banks that haven't modernized face increasing operational and customer risks," said Sonny Singh, executive vice president and general manager, Oracle Financial Services. "Continually delivering Swift-validated applications reflects Oracle's deep commitment to providing secure, standards-based solutions that empower financial institutions to meet the demands of a fast-evolving payments ecosystem. With Oracle Banking Payments, banks can seamlessly transition to ISO 20022, strengthen compliance, and unlock the potential of data-driven, real-time payments for their customers."

The adoption of ISO 20022 is pivotal not only for regulatory compliance but also for enabling real-time payments and delivering superior customer experiences. Oracle's Swift-validated banking solutions enable banks to capitalize on rich data availability, facilitate more precise reconciliations, benefit from efficient straight-through processing to speed transaction and minimize errors, and power new digital banking innovations.

To see our banking payments solutions in action and to learn more, visit Oracle's Exhibition Stand J007, Hall 3, Level 3.1 at SIBOS in Frankfurt Sept. 29-Oct. 2. 

About Oracle Financial Services
Oracle Financial Services provides solutions for retail banking, corporate banking, payments, asset management, life insurance, annuities, and healthcare payers. With our comprehensive set of integrated digital and data platforms, banks and insurers are empowered to deliver next-generation financial services. We enable customer-centric transformation, support collaborative innovation, and drive efficiency. Our data and analytical platforms help financial institutions drive customer insight, integrate risk and finance, fight financial crime, and comply with regulations. To learn more, visit our website at https://www.oracle.com/financial-services.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

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SOURCE Oracle