Finovate

FEBRUARY 20, 2025

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 ISO 20022 regulations.

FedWire 114

FedWire ISO 20022 ISOs Payment APIs and Integration 114

Fintech Finance

APRIL 12, 2024

Finzly , the pioneering provider of modern money movement systems to financial institutions, has announced its achievement as one of the first Third-PartyService Providers (TPSP) to be certified for compliance to ISO 20022 messaging standards for Fedwire.

ISO 20022 78

ISO 20022 FedWire ISOs Fed 78

PYMNTS

SEPTEMBER 23, 2019

The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. SWIFT announced last year that it is planning to allow its users to send data-rich ISO 20022 messages across its global network starting in November 2021.

ISO 20022 76

ISO 20022 Federal Reserve ISOs FedWire 76

PYMNTS

SEPTEMBER 7, 2017

This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT. While its Strategies paper explored potential enhancements to the Fedwire Funds Service to bolster cross-border payments capabilities, the Fed said it is no longer pursuing that effort.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49