With compliance deadlines fast approaching, banks and payment service providers (PSPs) must work with increased urgency to enable messaging over the ISO 20022 standard.
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 on European payments modernization delves into the challenges and opportunities that banks face in this transformative process.
European banks, face the daunting task of navigating through open banking initiatives, API enablement, and the challenges posed by real-time and cross-border payments. In part 1 of this two-part series, we delve into the priorities European banks should consider in their payments modernization journey.
We delve into the core reason driving payments modernization for banks and how it impacts their strategies, competitiveness, and the role of solutions like Volante in addressing these challenges.
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.
In a recent discussion at Volante’s 2023 EVOLVE conference, we consulted our panel of experts in the world of finance and payments to learn more about the role of customer experiences in unleashing business growth, particularly in the increasingly complex age of payments modernization.
Highlighting and summarizing the evolving and collaborative focal points of the "Outlook on Instant Payments in Europe" webinar.
Many in the US banking industry are likely glad to see the back of 2023. Are bank failures like Citizens First Sac indicative of a systemic danger for American banks?
Fraud concerns, demand for cross-border transactions and more — see part 2 of Volante’s annual U.S. Faster Payments Barometer survey.
The results of the annual U.S. Faster Payments Barometer survey are in — see a breakdown of our findings here.
