The banks that treated the deadline as a project have finished. The banks that treated it as a starting point are pulling ahead.

Mid-tier banks and financial institutions face growing pressure from digitally savvy corporate clients, who expect 24/7 access, instant payments, and real-time reporting. Delivering timely and seamless services is now a strategic imperative.

CHIPS, the Clearing House Interbank Payments System, handles a significant share of U.S. high-value payments, and its migration to ISO 20022 brings both opportunities and challenges. Preparing for this change requires a clear strategy for modernization, interoperability, and compliance.

Mid-tier banks face challenges in payments modernization. Discover how scalable PaaS solutions can drive efficiency and innovation.

Learn how SWIFT and ISO 20022 migration are simplifying cross-border payments and discover how financial institutions can enhance speed and global connectivity

Standard Bank, Africa’s largest bank by assets, embarked on a major payments modernization initiative to enhance agility, client experience, and operational resilience across 20 African markets. Partnering with Volante Technologies, the bank implemented a cloud-first, ISO 20022-ready payments infrastructure to replace aging legacy systems.

As the financial industry rapidly evolves, Lakeside recognized the need to upgrade its legacy payment systems to stay competitive. The existing infrastructure was not equipped to handle the increasing demand for real-time payments, seamless integration with emerging payment networks, or the agility required to adapt to new technologies and regulatory standards.

As real-time payments (RTP) adoption accelerates in the U.S., financial institutions are navigating the evolving landscape of instant payments, including the Federal Reserve’s FedNow and The Clearing House’s RTP network.

By partnering with Volante, one of the world’s largest global transaction and payments services banks became the first to adopt a fully unified ISO 20022 migration model across all markets. This strategic collaboration enabled faster onboarding of payment schemes, enhanced compliance and operational resilience, and ultimately improved the client experience globally.

Rather than viewing the new deadline as just another regulatory checkpoint, banks should seize this moment to accelerate their broader payment transformation initiatives.

Partnering with Volante Technologies, SouthState Bank launched a comprehensive Instant Payments initiative as part of a multi-year strategy to enable faster, seamless, and secure payment experiences.

Swiss financial institutions have long been at the forefront of innovation in the payments and messaging space. However, the need to modernize their fragmented and aging infrastructure to comply with ISO 20022 presented a critical challenge.