Kyriba and BNP Paribas team up to deliver ISO 20022 payments on Swift FINplus

The corporate payments landscape has taken a significant step forward as Kyriba, BNP Paribas, and Dassault Systèmes successfully delivered ISO 20022 XML payments on Swift’s new FINplus service for corporates. By integrating this innovative payment channel, businesses can expect enhanced payment tracking, richer data quality, and greater efficiency. Here's an in-depth look at this collaboration and what it means for corporations navigating the increasingly complex global payment ecosystem.

A milestone in corporate payments through FINplus

The partnership between Kyriba, BNP Paribas, and Dassault centers on the adoption of FINplus, a modernized channel for corporate payments that leverages Swift’s extensive global financial network. Designed to meet ISO 20022 messaging standards, FINplus offers a consistent, feature-rich format for initiating, validating, and tracking payments.

What makes FINplus a game-changer?

The FINplus for corporates initiative brings several innovative benefits to enterprise payment processes, including:

1. Richer, structured payment data: Corporates now gain access to ISO 20022-formatted payments, which provide higher-quality, standardized data that reduces errors and improves transparency in payment processes.

2. Real-time payment tracking: Through Swift’s SCORE+ platform, corporates can access end-to-end insight into payment statuses, enhancing visibility, and mitigating uncertainties in cash flows.

3. Message validation: While FileAct primarily focuses on bulk file transfers and relies on agreements between sender and receiver to define validation rules, FINplus ensures centralized validation of messages – ensuring payments are accurate, consistent, and complete.

Kyriba’s leadership in ISO 20022 adoption is a testament to its longstanding commitment to modernizing financial processes. With over 90% of Kyriba’s payments already compliant with ISO 20022, this latest effort further solidifies its position as the gold standard in treasury and liquidity management.

Strategic impact for corporates

Treasury teams often face challenges associated with fragmented payment systems, data inconsistencies, and inefficiencies caused by legacy processes. The integration of FINplus addresses these persistent issues head-on, delivering measurable advantages such as:

• Enhanced payment security: Automation through structured data improves efficiency and minimizes opportunities for fraud.

• Global standardization: Corporates can enjoy consistent payment formats across all regions, reducing the operational complexities of cross-border transactions.

• Streamlined payment delivery: Access to real-time payment data streamlines cash flow management and enhances liquidity forecasting.

Dassault Systèmes serves as an early adopter of the initiative. According to John Colleemallay, Senior Director, Group Treasury & Financing at Dassault Systèmes, “The integration of FINplus and ISO 20022 has equipped our treasury team with dependable insights to make better financial decisions across 140 countries.”

Developing industry standards

The collaboration between Kyriba and BNP Paribas goes beyond merely adopting a new payment format. Together, they serve on Swift’s working group aimed at improving corporate adoption of ISO 20022. This group is central to shaping a universal standard that balances operational efficiency with rich data accessibility.

Emphasizing the importance of a standardized payment landscape, Guillaume Metman, VP of Product Management at Kyriba, said: “Opening FINplus for our corporate customers accelerates the migration to ISO 20022 and exemplifies Kyriba’s commitment to delivering real-time data and financial visibility so corporates can outperform.”

Likewise, Damien Godderis, Head of Payments Industry Engagement at BNP Paribas, highlighted the collaboration’s impact: “This collaboration not only puts us at the forefront of ISO 20022 migration, but brings tangible benefits such as self-service payment tracking and improved fraud prevention measures.”

Preparing for ISO 20022 migration

The global adoption of ISO 20022 marks a turning point for financial institutions and corporates alike. Although the November 2025 deadline only applies to financial institutions, the industry more broadly will see continued migration to this standardized messaging format. Kyriba’s progressive adoption underscores a proactive approach to helping enterprises meet regulatory requirements and realizing operational efficiencies sooner rather than later.

Key actions corporates can take now

Organizations preparing for ISO 20022 migration - as well as those that can benefit from the new messaging format - can follow these actionable steps to stay ahead of the curve:

1. Educate teams: Ensure treasury and finance professionals understand the technical implications of ISO 20022.

2. Partner strategically: Work with tech-forward banking and payment solution providers equipped with ISO 20022-ready platforms.

3. Leverage automation: Use tools such as Kyriba's ecosystem to automate and streamline processes in alignment with ISO 20022 standards.

4. Monitor deadlines: Stay informed about regional deadlines to ensure compliance.

Looking ahead

The introduction of FINplus alongside ISO 20022 represents a seismic shift for corporate payment processing. Forward-looking organizations that adopt these changes early will gain a competitive edge through increased visibility, efficiency in cash flows, and simplified cross-border transactions.

Kyriba, BNP Paribas, and Dassault's collaborative success with Swift’s FINplus for corporates demonstrates the power of innovation and underscores the importance of adopting industry-leading solutions to meet the evolving needs of global payments.