The stakes are concrete: after the November deadline, any SEPA or cross-border payment carrying an unstructured address will be automatically rejected. SWIFT data indicates that approximately 65% of payment messages globally still contain unstructured addresses, leaving banks and corporates in a race to remediate data that spans ERP systems, treasury management platforms, and pain.001 XML messages.
ioNova ARS, the London-based company's address resolution service, processes free-text or unstructured addresses into structured or hybrid ISO 20022-compliant formats via a single API call in under 50 milliseconds. The service supports SWIFT CBPR+, HVPS, and SEPA messaging standards. Integration is available through multiple methods and the company says customers typically go live within three to four weeks.
The compliance architecture creates an asymmetric problem. Banks bear the ISO 20022 compliance obligation, but the address data itself largely resides with corporates. A bank can correct a corporate's own address records but cannot amend counterparty addresses on its behalf. ioNova ARS addresses this by enabling corporates to resolve and validate address data upstream, inside their own systems, before payment instructions are dispatched to their banking partners.
For banks, the service opens a secondary opportunity. Institutions can deploy ARS to offer data enrichment and pre-validation as a managed service to corporate clients, or apply corrections to pacs messages while payments are in-flight. The company frames this as a mechanism to extend the November 2026 compliance requirement into an ongoing service line rather than a one-time remediation exercise.
ioNova AI was founded by Parth Desai, who brings three decades of experience delivering AI and natural language understanding solutions for banks in payments and compliance. The company positions its Entity Intelligence platform as purpose-built for the structured address gap that generic integration tools were not designed to handle.
To stay across the latest in cloud, AI, and enterprise tech analysis from Compare the Cloud, subscribe to our weekly newsletter.
