With compliance deadlines fast approaching, banks and payment service providers (PSPs) must work with increased urgency to enable messaging over the ISO 20022 standard.

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.

Part 2 of this two-part series explores the angles of different ISO 20022 adoption methods, and reviews new opportunities for collaboration and partnerships between financial institutions, technology providers, and other stakeholders to leverage the benefits of ISO 20022.

Recently, Volante hosted a webinar that brought together payment executives from leading FIs to discuss the benefits, perils, and paths toward adopting ISO 20022 for cross-border payments. First in a two-part series.

While compliance remains a driving factor in the ISO 20022 transformation, it's crucial for financial institutions to recognize and capitalize on the vast business opportunities it offers.

The service delivers instantaneous fund transfers and operates beyond regular banking hours, defying the lags traditionally associated with such transactions.

While instant payments growth in the Middle East appears to be a net positive for consumers, it also poses considerable challenges to regional banks and FI's.

We look at the current state of instant payments in Spain and the broader Iberian Peninsula, in addition to highlighting some unique opportunities for banks throughout the region to emerge at the forefront of innovation.

Lenin Desai, Volante's ISO 20022 service product manager, answers some questions on his background and the payments industry.

In 2025, ISO 20022 messages will become a universal requirement for executing cross-border transactions. Volante sat down with Celent’s Senior Payments Analyst, Gareth Lodge, to discuss the current state of ISO adoption within the global financial industry, as well the challenges and benefits of migration.

Volante sat down with the head of consulting services at TradeHeader, Aleix Revilla, as well as the firm's founder and managing partner, Marc Gratacos, to discuss the expanding opportunities and challenges ahead for ISO 20022 adoption.

We discuss the recent launch and insights gained from Volante's ISO 20022 Maturity Model with José Luis Melgarejo Frutos, product manager for Volante's ISO 20022 service, and Nihit Ahuja, head of Volante's Platform business unit.