ECCB Hosts Swift Training on ISO 20022 Readiness
24 October 2025, Basseterre, Saint Christopher (St Kitts) and Nevis – The Eastern Caribbean Central Bank (ECCB) hosted a Swift ISO[1] 20022 and CBPR+[2] training for commercial banks operating in the Eastern Caribbean Currency Union at its Headquarters in Saint Christopher (St Kitts) and Nevis over the period 20 - 21 October.
The training, conducted by Swift, focused on preparing institutions to meet Swift’s November 2025 deadline for all institutions to move to the ISO 20022 standard for core payment messages.
Participants gained a clearer understanding of the structure, message flow, and use of the key ISO 20022 payment message standards that Swift is rolling out to enhance the payments infrastructure.
The ISO 20022 format offers significant benefits over legacy Message Types; including richer, structured data, that improves operational efficiency and fraud detection. It provides increased transparency in payments, leading to faster processing times, more accurate compliance, and better customer service.
The training presented another opportunity for the commercial banks to better prepare for this critical transition to ISO 20022 and to learn from the experiences of others.
Participants agreed that the training was relevant and timely.
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About the Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia and Saint Vincent and the Grenadines.
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[1] International Organisation of Standardisation
[2] Cross-Border Payments and Reporting Plus
