As the November 2025 CBPR+ deadline rapidly approaches, financial institutions need to ensure they have adopted the ISO 20022 global payment standard or, at minimum, be prepared for the impact on their organisation. As the community transition continues, we are seeing a steady increase in the daily ISO 20022 volumes; more than half of all payment instruction messages are now in ISO 20022. For those institutions currently busy with testing and implementing, keep it up – you’re nearly there. If you’ve not started yet, you’re unlikely to be fully ISO native in time so make sure you take the important steps to understand which messages are included in contingency processing, the additional validation rules and test properly to ensure your customers are not impacted. Here are four key considerations for institutions to prepare for the November 2025 deadline: Impact: Know how you will be impacted – use our ISO 20022 toolkit to check how you will be affected after the coexistence period comes to an end. Plan: Plan your migration – use our ready-made project plan with our Project Navigator tool. Test: Perform testing and validation on your changes including testing contingency processing if you will need to rely on it. Details in the SR25 Release Guide. Contingency: After 22 Nov, no FIN MT payment instruction messages will be delivered on FIN so understand what contingency processing might mean for you. As a reminder, the standards release 2024 for CBPR+ messages will not work after 22 November without the additional changes coming in SR2025 which include upgrades to the Usage Identifiers. It is recommended that all users test the upgraded messages in FINplus pilot future environment which has been available since 19 July.