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ISO 20022 for U.S. banks: strategies, benefits & more

March 10, 2025 marks an important date in the journey toward modernizing legacy payment systems. This article will provide context behind Fedwire’s impending migration and explain what banks stand to gain from ISO 20022 compliance.

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The urgency of FedWire migration to ISO 20022: Are you prepared?

Anoop Basavarajaiah

Anoop Basavarajaiah, Director Pre-sales: Americas, Volante Technologies

The FedWire migration to the ISO 20022 messaging standard for wires is scheduled for March 10, 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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