Episode 330: Is your bank ready for the ISO 20022 transition?

This episode examines two articles related to ISO 20022. The first is an article from ICBA titled “Countdown to ISO 20022: Key steps for community banks to ensure a smooth Fedwire transition.” The second is a blog from PCBB titled “ISO 20022 Transition Extended: How to Take Advantage.” Both articles review what ISO 20022 is, why banks need to adapt and upgrade their systems, and what the timeline is for implementation. ISO 20022 is a global messaging standard designed to improve payment efficiency, regulatory compliance, and data transparency. Links to both articles are included below.

Link: ISO® 20022 Transition Extended: How to Take Advantage

Link: Countdown to ISO 20022: Key Steps for Community Banks to Ensure a Smooth Fedwire Transition