MIZUHO BANK DEPLOYS BOOMI PLATFORM TO ACCELERATE ISO 20022 COMPLIANCE ACROSS APAC

_{Mizuho Bank Accelerates ISO 20022 Compliance and Streamlines Payments With Boomi}

KUALA LUMPUR, Nov 17 (Bernama) -- Boomi, the leader in artificial intelligence (AI)-driven automation, announced that Mizuho Bank has deployed the Boomi Enterprise Platform to accelerate ISO 20022 compliance and streamline payments infrastructure across Asia Pacific (APAC).

According to Boomi in a statement, the project enables seamless customer onboarding, simplified payment instruction, and future-ready scalability, all while shielding clients from the complexity of regulatory change.

Boomi Chief Technology Officer, Asia Pacific and Japan, David Irecki said payments modernisation does not happen in a vacuum; it requires orchestrating old and new systems in a way that does not disrupt mission-critical services.

“Mizuho Bank’s approach blends compliance with client-centricity. By embedding ISO 20022 into a flexible integration strategy, they have future-proofed their operations and unlocked new ways to innovate at scale,” he said.

Meanwhile, Mizuho Bank Regional Chief Information Officer, Andy Nam said: “We knew the ISO 20022 transition had the potential to disrupt our clients’ day-to-day operations. Instead of pushing that complexity onto them, we decided to own it.

“This project allows our clients to continue using their familiar file formats while we handle the conversion invisibly in the background. That kind of simplicity requires serious backend sophistication.”

As the financial services industry transitions from legacy SWIFT MT messaging to ISO 20022, the bank recognised an opportunity to go beyond compliance and use the change as a springboard to enrich client outcomes.

Instead of requiring clients to modernise their own systems to keep pace, Mizuho chose to abstract away the technical burden entirely, investing in a self-service portal that could accommodate any format, old or new, and handle translation and validation automatically.

Through this web-based portal, clients can now upload or manually enter payment instructions using both legacy and ISO 20022 formats, with Boomi’s low-code platform managing the conversion, validation, and secure delivery of each instruction, dramatically simplifying onboarding and minimising operational overhead.

The new platform has enabled Mizuho to significantly reduce client onboarding time from months to weeks, while also supporting more efficient client acquisition and reduced cost-to-serve. The bank is now set out to explore further enhancements to its digital capabilities to serve a wider range of corporate client needs across the region.

-- BERNAMA