Tackling the next ISO 20022 milestone: Structured addresses

ChainWatcher · 2026-02-24T08:03:53+00:00

The essay discusses the imminent ISO 20022 deadline in November 2025, highlighting the transition from unstructured to structured address formats in banking. It emphasizes the strategic benefits and necessary data management improvements for banks.

ChainWatcher

2026-02-24 08:03:53

Abstract generation in progress

The first critical ISO 20022 deadline is upon us in November 2025, as the CBPR+ coexistence period ends. However, the transition does not stop there and the next migration is right ahead: from unstructured to structured addresses. Whereas traditionally, addresses could be entered both in both structured and unstructured formats, in November 2025, a hybrid option will become available.

In November 2026, unstructured address formats will be phased out. Migrating to ISO 20022 structured addresses offers banks a strategic opportunity to modernise their payments infrastructure. However, this transition demands a comprehensive overhaul of address data management, storage, and utilisation across systems.

**This report highlights the key takeaways of a Finextra webinar, hosted in association with RedCompass Labs, by a panel of industry experts. Discover: **

*   _Industry readiness for the ISO 20022 structured address migration; _
*   _How banks can create strong data strategies; _
*   _The roadmap toward structured addresses; and _
*   _How to overcome the key migration challenges. _

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