Oracle’s Banking Payments Now Validated as SWIFT Compatible Application to Strengthen Cross-Bank Interoperability

Oracle’s Banking Payments Now Validated as SWIFT Compatible Application to Strengthen Cross-Bank Interoperability

Oracle has announced that Oracle Banking Payments has been officially validated as a SWIFT Compatible Application, solidifying its position as a payments solution that meets global standards for message security, interoperability, and regulatory compliance.

This achievement empowers banks and financial institutions to rely on Oracle’s platform to support their transition into modern, ISO 20022-based payments infrastructure without compromising on legacy connectivity or compliance.

Why the Validation Is a Critical Milestone

Built natively on the ISO 20022 framework, Oracle Banking Payments offers a subscription-based platform capable of processing multiple types of payments. With this SWIFT validation, Oracle assures clients its solution adheres to the rigorous standards demanded by global interbank networks.

As the payments industry gears up for the shift away from old MT messaging formats to the new MX message formats a mandatory change slated for November 2025. Oracle’s solution is designed to support institutions during the coexistence phase, enabling them to handle both legacy and modern formats.

What Oracle’s Solution Offers Institutions

• Seamless Migration to ISO 20022 MX: Financial institutions can transition toward the new messaging standard without giving up legacy compatibility.

• Improved Transparency & Analytics: The platform enables richer data capture, better reconciliation, and stronger compliance and anti-fraud controls.

• Standards Alignment & Trust: SWIFT validation gives banks confidence that they’re using a solution built to meet interbank norms and expectations.

• Modern Payment Messaging Processing: AI-enabled improvements and ongoing updates to scheme rulebooks and guidelines help keep the platform current.

Oracle’s Sonny Singh, EVP & General Manager at Oracle Financial Services, emphasized that the validation reaffirms Oracle’s commitment to offering secure, standards-based payment solutions that let banks modernize with confidence.

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