Wespay is hosting a Town Hall to discuss Federal Reserve Financial Services' transition of 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 session will remind attendees the importance of testing (e.g., exchange ISO 20022 message with their peers and simulate real-world scenarios to ensure seamless processing of payments). Additionally, we’ll emphasize the importance of developing strong preparedness and contingency plans to safeguard against potential disruptions.
Learning Objectives:
- Understand the latest updates on the implementation of the new ISO 20022 format.
- Recognize the importance of conducting thorough testing prior to the ISO 20022 implementation.
- Develop effective preparedness and contingency plans to ensure a smooth transition and minimize disruptions.
Engage in a Q&A session to address specific concerns and gain insights from experts.
Speaker: Leslie Lee, Payments Product Strategy Specialist, Federal Reserve Bank of New York
Note: Registration is Free for Wespay Members. The Town Hall will be recorded, posting in the Wespay Classroom within 48 hours. Registered participants will have 90-day access to the recording.