Addovation Partnered with Cobase for ISO 20022 Compliance
The firms have collaborated to help corporate ERP systems meet new international payment standards for structured address data.
Updated on Oct. 12, 2026 in Financial Services
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Addovation and Cobase have launched a partnership to provide ERP-to-bank compliance services for ISO 20022 requirements. The collaboration aims to address the technical gap in corporate systems that currently lack structured payment address fields.
Why it matters
Financial institutions are increasingly enforcing strict ISO 20022 mandates that require structured address data in all payment messages. Many corporate ERP installations are not configured to supply these specific fields, creating significant integration challenges for global businesses.
Cobase provides payment connectivity to over 300 banks across more than 90 countries. Addovation is now offering a 30-minute readiness assessment to help corporate clients determine if their systems meet ISO 20022 data requirements.
The players
Addovation
Addovation is a consulting and technology services provider that specializes in managing integration and application support for ERP systems including IFS Cloud and NetSuite.
Cobase
Cobase is a financial technology company that offers payments connectivity and bank account management services for corporate enterprises.
Swift
Swift is the global member-owned cooperative that provides the secure messaging platform used by financial institutions to exchange standardized financial information.
The details
Through the Addovation Engage service, the partnership manages integration and application workflows for companies using IFS Cloud and NetSuite. Cobase facilitates this by normalizing outgoing payment files and incoming bank statements into the formats required by international financial institutions.
Timeline
October 2025: The Verification of Payee framework was implemented in euro-area banks.
July 2026: Swift reported that 60 percent of payment messages contained unstructured addresses.
Before year-end 2026: Revised global ISO 20022 implementation deadlines are expected to be released.
Market Landscape
This partnership reflects a broader industry push to address the technical friction caused by the mandatory migration to the ISO 20022 global financial messaging standard. It positions these providers to capture market share by solving configuration bottlenecks that have prevented many corporate ERP systems from meeting new regulatory requirements.
Corporate customers using IFS Cloud or NetSuite may need to update their system configurations to ensure continued payment processing capability. Businesses failing to meet these standards risk payment rejections as banks increasingly enforce structured address data requirements.
The takeaway
Companies should verify their ERP configuration against current ISO 20022 requirements to prevent potential disruptions in international payment workflows. Early readiness assessments can identify missing data fields before upcoming regulatory deadlines take full effect.
What happens next
Revised global ISO 20022 implementation deadlines are expected to be published before the end of 2026.
Further reading
For more context on current industry standards, visit the Financial Services section.
Source note: This article includes information reported by The Fintech Times.
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