Old National Bank, Axletree Solutions Partnership Finalizes Critical Swift Architecture, Achieves ISO 20022 Compliance for 2026

Real-time payment tracking, end-to-end security, and an increased competitive position in international banking among the results

Published on Feb. 10, 2026

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Old National Bancorp and Axletree Solutions have announced the completion of a partnership to implement Symmetree by Axletree, which hosts Old National's updated SWIFT architecture. The enhancements provide highly-secure transaction messaging to ensure end-to-end control and transparency of banking transactions. The partnership has produced risk reduction, increased business continuity, and speed of execution, with a unified interface providing visibility and control over global messaging workflows, built-in logic to identify and correct non-compliant messages, Swift optimization, and ISO 20022 enablement.

Why it matters

The improved highly-secure architecture meets the ISO 20022 mandate and establishes a scalable foundation for Old National's further international growth. The partnership has improved Old National's efficiency and revenue potential without disrupting client workflows, reducing friction in international payment processing, faster onboarding for large corporate clients, higher transaction volumes, and improved operational efficiency through increased automation and validation.

The details

Symmetree by Axletree is a centralized integration layer that integrates Old National's existing systems and global messaging networks. The partnership has produced risk reduction, increased business continuity, and speed of execution. A unified interface provides visibility and control over all global messaging workflows; built-in logic to identify, flag, and correct non-compliant messages before transmission; Swift optimization; and ISO 20022 enablement, among other updates.

  • The partnership was completed on February 10, 2026.
  • Old National Bank and Axletree Solutions consulted on the Bremer Bank integration in the second half of 2025.

The players

Old National Bancorp

The holding company of Old National Bank, the sixth largest commercial bank headquartered in the Midwest with approximately $72 billion of assets and $37 billion of assets under management.

Axletree Solutions

A premier financial technology provider since 2002 that empowers businesses with seamless bank connectivity and enterprise integration, and is North America's first Swift Service Bureau for Banks and Corporates.

Jason Berkowitz

Old National Chief Technology Officer.

Joe Wicklander

Old National Bank's President of Treasury Management & Merchant Services.

Jeff Ferguson

Managing Director of Sales and Client Relationships for Axletree.

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What they’re saying

“Our partnership with Axletree has improved both Old National's efficiency and revenue potential, without disrupting daily client workflows. We've seen reduced friction in international payment processing, faster onboarding for our large corporate clients, higher transaction volumes, and improved operational efficiency through increased automation and validation.”

— Jason Berkowitz, Old National Chief Technology Officer (Globe Newswire)

“Whether clients are currently using our Swift services or exploring international payment solutions, our team is ready to discuss how the recent ISO 20022 changes might impact your operations. With this partnership we've significantly enhanced our Treasury Management offerings while strengthening our competitive position in international payments.”

— Joe Wicklander, Old National Bank's President of Treasury Management & Merchant Services (Globe Newswire)

“Old National Bank exemplifies the kind of collaborative partnerships Axletree builds every day. By working closely together, we've helped Old National Bank expand its Treasury Management capabilities, meet regulatory milestones, and drive meaningful profitability.”

— Jeff Ferguson, Managing Director of Sales and Client Relationships for Axletree (Globe Newswire)

The takeaway

This partnership between Old National Bank and Axletree Solutions has enabled Old National to enhance its treasury management capabilities, meet regulatory requirements, and strengthen its competitive position in international payments through the implementation of a highly-secure and scalable SWIFT architecture.