Broadridge Completes Swift Migration for Bayer, Managing 4M Payments
BR•Broadridge completed Bayer AG’s migration to its Swift Service Bureau, enabling management of 4 million annual payments across over 80 banking partners with ISO 20022 messaging standards. The two-phase rollout also integrates Swift’s Transaction Screening Service for real-time compliance screening and enhances global treasury transparency and operational resilience.
1. Migration Project Details
Broadridge finalized the migration of Bayer AG’s global payment infrastructure to its Swift Service Bureau, supporting 4 million transactions annually across 80+ banking partners. The agile, two-phase approach included extensive message exchange testing with more than 20 of Bayer’s banks to validate high volumes and diverse payment types.
2. Technical and Compliance Enhancements
The implementation standardized ISO 20022 messaging across all operations and incorporated Swift’s Transaction Screening Service directly into the payment flow for real-time sanctions and risk checks. New API capabilities alongside established Swift channels provide enhanced automation, flexibility and regulatory oversight.
3. Strategic Implications for Broadridge
This project highlights Broadridge’s technical expertise in large-scale Swift migrations and compliance solutions, reinforcing its competitive position in global treasury services. Successful delivery may bolster its market reputation and pave the way for similar enterprise-level contracts.
