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Live Oak Bank has enhanced its commercial and small business banking services by partnering with Finzly for its Fedwire solution. Finzly’s technology enables 100% straight-through processing (STP) and will help ensure the bank is compliant with upcoming ISO20022 regulations. We are excited to support them in this mission.”
ISO20022 is a messaging standard used across the financial industry. In the domestic Real-Time Gross Settlement (RTGS)/Wire and cross-border payment spaces, transformation to the most recent ISO20022 (HVPS+ and CBPR+) messaging standards has been ongoing since 2022.
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