What Cross-Border CFOs Can Expect From ISO 20022 Migration Nov. 22Legacy systems may be strained by complex XML messages, but ISO 20022 unlocks gains in automation, forecasting, trade integration, and compliance accuracy.Success will hinge on tight coordination across banks, corporates, and internal teams to manage early exceptions and fully leverage enriched payments data later on.Over the coming weekend, global payments infrastructure will cross an invisible but meaningful threshold. And there’s no going back.After years of planning and incremental rollout phases, Swift’s existing MT messaging standard for cross-border payments will finally be retired Saturday (Nov. 22), giving way entirely to the richer, XML-based ISO 20022 format. The transition marks one of the most consequential data migrations in modern financial plumbing, less a flip of a switch than a shift in the foundational language used to move trillions of dollars daily across borders.But are businesses ready?For chief financial officers responsible for complex cross-border operations, the question is no longer whether ISO 20022 is the future; it is whether they are prepared for it. Saturday is fast approaching, and the question now becomes how gracefully their organizations can navigate the immediate period of duality, uneven readiness, and operational friction.A New Standard With Old-World DependenciesTo appreciate the coming adjustment period, it helps to understand the core of the ISO 20022 value proposition, which is richer structured data. Under the MT standard, critical components of a payment, such as remittance information or beneficiary identifiers, were packed into unstructured fields, leaving banks and corporates to parse meaning from loosely formatted strings.There we go. XML-based ISO 20022 format(XRP, XLM, XDC, QNT, ALGO).We go Quantum!!! Beloud