Fedwire® ISO 20022 migration rescheduled: What banks need to know: Part 1
Rather than viewing the new deadline as just another regulatory checkpoint, banks should seize this moment to accelerate their broader payment transformation initiatives.
Maharaja Subramanian, Senior Director, Product Management and Engineering, Volante Technologies
Rather than viewing the new deadline as just another regulatory checkpoint, banks should seize this moment to accelerate their broader payment transformation initiatives.
Anoop Basavarajaiah, Director Pre-sales: Americas, Volante Technologies
The FedWire migration to the ISO 20022 messaging standard for wires is scheduled for July 14, 2025. Yet, despite the clear deadline and the potential benefits, many banks remain unprepared or unaware of the magnitude of this transition.
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