As payment volumes surge, businesses demand straight through processing. Financial institutions are stepping up strategically to offer value-added services like automatic reconciliation and full payment transparency to their customers through enriched data using ISO 20022 message structures.

Several banks, while meeting the March 2025 deadlines for ISO 20022 standards for Fedwire, also choose to pivot towards ISO 20022-native payment hubs, equipped not only to handle Fedwire, Swift and instant payments on FedNow and RTP, but also to embrace the full range of capabilities offered by the standard. Download this playbook to learn more.