The milestone of November 2026 is now firmly on the horizon for corporates to adjust postal address information in their payment instructions and move their payments to ISO 20022.

This podcast hears how Merck has been preparing for migration, with Uwe Reinemer, Head of Treasury Technology & Digitalisaton, in conversation with Deutsche Bank’s Kerstin Schoenwitz. She is responsible for managing ISO 20022, Corporate-to-Bank Standardisation & Global Formats.

Key takeaways:

• ISO 20022 is the future of payments, and not just for banks. If corporates fail to implement this messaging standard into their systems, this could disrupt processing of their payments.
• Migration is not just another IT product – but a strategic development. The better data that comes with this delivers significant efficiencies in all aspects of payments and reconciliation.
• External migration and internal migration are very different.
• Proactive planning and enterprise collaboration are vital. If you have started migrating, keep testing and adjusting. And if you have not – get going now!
• Tune into this new episode of the flow InCorporateTreasury Podcast to learn more.

Specialist terms used

.camt. Cash management messages within the ISO 20022 standard. See definitions here

.pain. Payment initiation messages within the ISO 20022 standard

XML. Markup language that can be read by computers and machines

ERP. Enterprise resource planning (system)

TMS. Treasury management system

STP. Straight-through processing

UETR. Unique end-to-end transaction reference (used for payment tracking)