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Federal Reserve Financial Services will transition the Fedwire ® Funds Service to the ISO ® 20022 format on July 14, 2025. With this deadline fast approaching, it’s essential to take steps to ensure your institution is fully prepared. This informative session will guide attendees through the process of testing and confirming ISO 20022 message exchanges with their peers, and simulating real-world scenarios to ensure seamless processing of payments (e.g., ensuring incoming funds are credited to the correct parties).
Additionally, we’ll emphasize the importance of developing strong preparedness and contingency plans to safeguard against potential disruptions.
This session will not be recorded.
Learning Objectives:
Duration: 60-minutes
Who should attend: Executives, Operations Management, IT Management, Wire Specialist
Prerequisites: Basic knowledge of banking.
Advanced Preparation: None
Program Level: Intermediate
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based.
CPE Credit Hours: N/A
Payment Product Strategy Specialist
The Federal Reserve Bank of New York
Registration, attendance, or participation at this event constitutes an agreement to adhere to the ICBA code of conduct and complaint policy. ICBA aims to be welcoming, safe, and inclusive to all participants, with the most varied and diverse backgrounds possible.
As such, The Independent Community Bankers of America (“ICBA” or the “Association”) has adopted a zero-tolerance policy toward all forms of unlawful discrimination and harassment.