Kani Payments, the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date. The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base.

ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market players. It replaces ISO 15022, which has been in place since 1992 and was designed to overcome interoperability and integration challenges between different clearing systems, improving the transparency and speed of transaction data in payments messages.

ISO 20022 adoption is being implemented in phases, with payment market infrastructures of all major currencies either live or already in the adoption process before the November 2025 deadline.

According to Kani Payments, the introduction of ISO 20022 will transform global reconciliation efficiencies, which in turn will significantly benefit its fintech clients around the world. ISO 20022 incorporates rich structured data and increased field size to provide greater transparency and efficiencies, reducing delays caused by unstructured, incomplete, or inconsistent data. With dedicated reference fields that remain unaltered in end-to-end transaction journeys and structured remittance data, transaction reconciliation capabilities will be significantly improved.

Standing ready to support ISO 20022 is an important step in Kani’s global growth journey, especially following its recent partnership with Visa-owned Pismo, the Brazil-based issuer processing and core banking platform—Kani’s largest partnership to date. As Kani’s platform handles vast datasets comprising millions of transactions from many payment processors across multiple markets, its ability to support ISO 20022 promises clients smoother and faster reconciliations.

Kani’s award-winning data-agnostic reporting and reconciliation platform can ingest data from any processor or source and reconcile complex and contrasting data sets in minutes. Its SaaS platform empowers clients with enhanced and accelerated transaction reconciliation, payment and regulatory scheme reporting, merchant settlement, and customer fund safeguarding.

Aaron Holmes, Founder and CEO of Kani Payments, says: “Since our inception in 2018, it has been a priority for us to meet the latest industry and regulatory standards. ISO 20022 promises vast message harmonisation across the entire payments ecosystem, but the granularity of structured data may not always be available on in-house legacy reconciliation platforms, especially cross-border transactions, which up until now have been mired in fragmented messaging that slows reconciliation.

“Supporting ISO 20022 ensures our clients can benefit from universal and standardised messaging that will accelerate their transaction flows and gain the benefits of faster and more accurate reconciliation processes. We are also confident that supporting ISO 20022 will help us to reach more businesses in need of effective reporting and reconciliation as we expand around the world.”

Kani Payments has been built by industry experts to remove the heavy lifting involved in simplifying and standardising complex payments data, helping fintechs, banks and payments companies alike to achieve effortless reconciliation and reporting while meeting scheme and industry regulations.

Kani Payments has enjoyed stellar success since its inception in 2018, empowering clients with enhanced and accelerated transaction reconciliation, payment and regulatory scheme reporting, merchant settlement and customer fund safeguarding though its award-winning SaaS platform. So far, it has reconciled more than €24 billion in processed payments volume for start-ups, scale-ups, and established players across the fintech spectrum, including Sodexo, Transact Payments, Osper, IDT, Moorwand and Paysafe.  

Kani Payments helps issuers, acquirers, and processors to better ingest and standardise transactional data, including authorisation and settlement data from the payment schemes, and accelerate reporting for its clients across the payments value chain.

To date, Kani Payments’ notable achievements include: 

• Saving its clients $500,000 per year through automation of common reporting outputs and reconciliation; 
• Accelerating Mastercard and Visa QMR/GOC reporting times (required to be submitted by all card issuers) from three weeks to just three minutes – no other compliance reporting platform has this ability; 
• Acceptance onto the highly sought-after Mastercard Start Path Global programme in 2022 (which has just a 2% acceptance rate) and the FIS Accelerator programme in 2023 as one of just 10 high-potential fintech companies. Only six UK companies (including Kani) have ever been selected for FIS’ programme in its eight years; 
• Securing key partnerships with some of the world’s most exciting fintech and payments players, including Brazilian issuer processing and core banking platform, Pismo, carbon intelligence platform Earthchain, issuer processor CLOWD9, and UK neobank Frost.