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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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Banker discussing strategy with client

Press STOP! TARGET2 migration delayed. Will SWIFT be next?

Neil Clarke

Neil Clarke, Ecosystem Development Manager, Volante Technologies

The European Central Bank announced that they would be delaying the move to the new TARGET2 system also using ISO 20022 HVPS+ messaging, stating that participants would require more testing time. Is SWIFT next?

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