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Old National Bank, Axletree Solutions Partnership Finalizes Critical Swift Architecture, Achieves ISO 20022 Compliance for 2026
Globenewswire· 2026-02-10 13:32
Core Insights - Old National Bancorp has partnered with Axletree Solutions to enhance its SWIFT architecture, improving transaction security and transparency in international banking [1][2][3] Company Overview - Old National Bancorp is the sixth largest commercial bank in the Midwest, with approximately $72 billion in assets and $37 billion in assets under management, ranking among the top 25 banking companies in the U.S. [5] - The bank focuses on building long-term partnerships with clients and has been recognized as one of "The Civic 50," highlighting its community engagement [5] Partnership Details - The implementation of Symmetree by Axletree has led to risk reduction, increased business continuity, and faster execution of transactions [2] - The partnership allows for real-time tracking of international payments and enhances Treasury Management offerings, strengthening Old National's competitive position [4][5] Technological Enhancements - The new architecture meets the ISO 20022 mandate, providing a scalable foundation for future international growth [3] - Features include a unified interface for global messaging workflows, built-in compliance checks, and Swift optimization [2][3] Industry Context - Axletree Solutions is a leading financial technology provider, processing over $100 billion in transactions daily and serving as a central communication pathway for financial operations [6][7] - SWIFT is a global cooperative providing secure financial messaging services, connecting over 11,500 organizations worldwide [8]