Start Now to Prepare Your Systems for ISO 20022
Less than one year remains before the planned migration of the Fedwire Funds Service to the ISO® 20022 message format on March 10, 2025. Your organization's readiness for ISO 20022 implementation requires more than updating your interface to the Fedwire Funds Service or working with your service provider. You also must ensure that all internal systems that interface with your wire transfer operations are ready to support the ISO 20022 format.
Get started today on your institution's preparation! Click Read More below for the complete article from Fed360®.
Stay tuned for additional readiness resources coming from ePayResources.
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| Topic | - Industry News
- Wire Transfer
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| Delivery Type | - Articles / Editorial
- Partner / Industry Resources
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| Role | - Back Office Operations
- Compliance, Risk Incident Management
- Executive Leader
- Frontline Operations
- Payments Support
- Strategist / Thought Leader
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| Organization Type | - Corporation
- Challenger / Neo Bank
- Financial Institution
- Government Agency
- Software & Service Provider / FinTech
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| Knowledge Level | - Advanced
- Beginner
- Intermediate
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| News Details Button URL | https://www.frbservices.org/news/fed360/issues/031524/wires-prepare-ecosystem-for-iso-20022 |