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

Rhea-AI Summary

Old National Bancorp (NASDAQ: ONB) and Axletree Solutions completed a partnership to implement Symmetree by Axletree to host Old National's updated SWIFT architecture and enable ISO 20022 compliance for 2026.

The deployment adds real-time payment tracking, end-to-end security, message validation, Swift optimization, and improved Treasury Management capabilities, and supported the Bremer Bank integration in 2H 2025. Old National reports enhanced operational efficiency, higher transaction volumes, and strengthened international payments competitiveness.

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

EVANSVILLE, Ind., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) and Axletree Solutions (“Axletree”) today announced the completion of a partnership to, through the implementation of Symmetree by Axletree^®, host Old National’s updated SWIFT (Society for Worldwide Interbank Financial Telecommunication) architecture. The enhancements provide a new level of highly-secure transaction messaging to ensure end-to-end control and complete transparency of banking transactions.

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.

“Our partnership with Axletree has improved both Old National’s efficiency and revenue potential, without disrupting daily client workflows,” said Jason Berkowitz, Old National Chief Technology Officer. “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.”

The improved highly-secure architecture meets the ISO 20022 mandate, and establishes a scalable foundation for further international growth.

“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,” said Joe Wicklander, Old National Bank’s President of Treasury Management & Merchant Services. “With this partnership we’ve significantly enhanced our Treasury Management offerings while strengthening our competitive position in international payments.”

Through Axletree, Old National has access to track international payments in real time, leveraging Swift APIs for the benefit of its customers through an end-to-end secure environment. Axletree also consulted with Old National on its Bremer Bank integration in the second half of 2025.

“Old National Bank exemplifies the kind of collaborative partnerships Axletree builds every day,” said Jeff Ferguson, Managing Director of Sales and Client Relationships for Axletree. “By working closely together, we’ve helped Old National Bank expand its Treasury Management capabilities, meet regulatory milestones, and drive meaningful profitability.”

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" -- an honor reserved for the 50 most community-minded companies in the United States.

ABOUT AXLETREE
Axletree Solutions, a premier financial technology provider since 2002, empowers businesses with seamless bank connectivity and enterprise integration. As North America's first Swift Service Bureau for Banks and Corporates, Axletree has evolved into a global leader in financial transaction and payments solutions. Processing over $100 billion USD daily, Axletree transmits transactions from any system, across any network, anywhere in the world. The company's innovative technology and client-centric approach have established it as a trusted partner for secure, mission-critical services, reinforcing Axletree's role as the central communication pathway for its clients' financial operations. With a comprehensive solution suite covering the entire payment lifecycle, Axletree enables organizations to realize efficiencies and reduce costs by replacing complex manual processes with automation. As the company expands its global presence through the Americas, Europe, Middle East, and Asia-Pacific, Axletree continues to drive efficiency and integration for the world's largest organizations, guaranteeing seamless connectivity and peace of mind. For more information, please visit axletree.com.

ABOUT SWIFT
Swift is a global member owned cooperative and the world’s leading provider of secure financial messaging services. They provide communities with a platform for messaging and standards for communicating and offer products and services to facilitate access and integration, identification, analysis and regulatory compliance. Their messaging platform, products and services connect more than 11,500 banking and securities organizations, market infrastructures and corporate customers in more than 200 countries and territories. While Swift does not hold funds or manage accounts on behalf of customers, they enable a global community of users to communicate securely, exchanging standardized financial messages in a reliable way, thereby supporting global and local financial flows, as well as trade and commerce all around the world. Headquartered in Belgium, Swift’s international governance and oversight reinforces the globally inclusive character of its cooperative structure. Swift’s global office network ensures an active presence in all the major financial centers.

Investor Relations:
Lynell Durchholz
(812) 464-1366
lynell.durchholz@oldnational.com

Media Relations:
Rick Vach
(904) 535-9489
rick.vach@oldnational.com

FAQ

What did Old National (ONB) announce about SWIFT architecture and ISO 20022 on Feb 10, 2026?

Old National announced completion of a Symmetree by Axletree deployment to host its updated SWIFT architecture. According to the company, the rollout enables ISO 20022 compliance for 2026 and adds real-time tracking, message validation, and end-to-end security across global payments.

How will the ONB and Axletree partnership affect Old National's international payments capability?

The partnership is expected to strengthen Old National's international payments competitiveness and operational control. According to the company, unified messaging, Swift optimization, and ISO 20022 enablement reduce friction, speed onboarding, and increase transaction volumes for corporate clients.

Does the Symmetree deployment give Old National (ONB) real-time tracking of international payments?

Yes. The deployment provides real-time international payment tracking via Swift APIs in a secured environment. According to the company, this allows customers and treasury teams to monitor end-to-end status and improves visibility and reconciliation workflows.

What role did Axletree play in Old National's Bremer Bank integration in 2025?

Axletree consulted on Old National's Bremer Bank integration executed in the second half of 2025. According to the company, Axletree supported connectivity and messaging integration that helped consolidate Treasury Management capabilities during that integration.

Will the ONB update to SWIFT and ISO 20022 impact Old National's Treasury Management offerings?

Yes. The update expands Old National's Treasury Management functionality and service offerings to clients. According to the company, improved automation, validation, and messaging control enable faster onboarding and broader international payment solutions for corporate customers.