On July 14, 2025, the Federal Reserve successfully completed its long-planned migration of Fedwire® to the ISO 20022 messaging standard. This move aligns the U.S. high-value payment system with global standards, enabling richer, structured data, better automation, and improved interoperability across payment systems. For financial institutions, the transition marks the beginning—not the end—of the modernization journey.
With the technical lift complete, the real opportunity lies in what comes next: using ISO 20022 to create new services, streamline operations, and offer more value to customers.
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