Go further, faster with Fedwire ISO 20022

Instant settlements, real-time visibility, and complete automation for Fedwire payments.

Fedwire, fit for the future

Process wires on a Fed certified ISO 20022-native platform and harness the rich data capabilities of the global standard for payment processing. Think frictionless integration, optimized efficiency and future-proof compliance. All seamlessly connected to your core and other systems with the ability to post in real‑time, available 24/7.

Benefits you can bank on

Enhances compliance capabilities

Eliminate the burden of compliance with robust controls, monitoring, and reporting to meet evolving regulations, mitigate risks, and promote transparency and accountability.

Accelerates speed to market

Our pre-wired, tested and certified connections to the Fed keep you a step ahead to implement products, keep up with regulations, and launch value-added services.

Superior customer experience

Offering faster, transparent, and more efficient payment services through a modern Fedwire system, enhances the customer experience.

Faster settlements, better liquidity

Optimize liquidity with faster Fedwire processing, reducing capital requirements and settlement risks for better cash flow and risk management.

Cost optimization and efficiency

Streamline payments, automate tasks, and reduce errors for cost savings and efficiency, enabling banks to pursue strategic initiatives.

ISO 20022-native

Send, request and receive wires through APIs, messages or digital banking in the ISO 20022 standard on a Fed certified ISO-native platform.

Workflow automation

Define and customize internal processes and controls. Streamline operations with flexible, automated and auditable workflows.

Award-winning experience

Give your business customers an exceptional wire payment experience to send, request, and receive wires, with real‑time notifications.

Open APIs

Offer complete APIs to internal and external ecosystems, helping them embed wire payment processing in their experiences with real‑time notifications.

Real-time notification

Enhance customer experience with real-time notifications via webhooks and FTP, ensuring timely updates and engagement with your platform.

Multichannel Fedwire connectivity

Support for initiating Fedwire transactions across multiple channels and interfaces – including APIs, bulk files, branches, and digital banking.

Upfront validation checks

Get granular upfront validation of limits, duplicates, fraud, counterparties, balances, and accounts to minimize payment failures.

Sweep transaction automation

Define business rules and thresholds to trigger sweep payments using Fedwire based on account balances, transaction volumes, and schedules.

Finzly Payment Hub

Manage all payment rails in a modern, unified experience.

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ISO 20022-native, from initiation to settlement

Imagine being fully-prepared ahead of deadlines – ensuring up to 100% STP and reducing wire settlement times with complete automation. Our Fedwire solution is already Fed certified for ISO 20022. This lets your bank process messages in the new format before the deadline. It also gives you deeper insights into customer transactions, behavior patterns, and preferences.

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"As we looked for a new payments operations partner, we were impressed with Finzly's technology and expertise."

Lindsay Lawrence, Chief Operating Officer, EverBank

"Through Finzly's advanced payment infrastructure, we now lead the way in delivering advanced payment experiences, positioning us at the forefront of financial innovation."

Nick Rosenberg, Executive Vice President, Metropolitan Commercial Bank

"Finzly has enabled us to consolidate all our payments rails into one, automate payment processing, eliminate redundant systems and reduce system maintenance costs."

Bala Nibhanupudi, Chief Operating Officer, First Bank

"Finzly arms us with the long-term competitiveness to thrive, collaborate, and compete with fintechs. Their Payment Hub gives us the speed and agility to significantly improve our operational efficiency while giving us the confidence to innovate in the open ecosystem."

LaVonda Renfro, Chief Operating Officer, Veritex Community Bank

Powered by a scalable, real‑time, 24/7, resilient architecture

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June 22nd 2024

What is the Fedwire service?: Fedwire is a real‑time gross settlement system operated by the Federal Reserve Banks that provides clearing and settlement services for high-value interbank transactions. It allows financial institutions to quickly and securely transfer large sums of money between each other in real time.
Why is Fedwire moving to ISO 20022 message standards?: Adopting the ISO 20022 message standard should help the market infrastructure meet the increasing customer demands for richer data, help customers more easily comply with evolving regulatory requirements, improve the Fedwire Funds Service’s interoperability with other payment systems in the interconnected, global economy, and help customers enhance their client services.
What is the cutover day to move Fedwire messages to the new ISO 20022 format?: Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service in a single-day implementation strategy on March 10, 2025.
What are the testing deadlines for TPSPs like Finzly and for financial institutions?: Finzly's Fedwire solution was among the first to achieve Fed certification announced on April 11, 2024. The deadline for financial institutions to complete testing is December 31, 2024.
What types of transactions can be sent via Fedwire?: Fedwire is primarily used for large-value, time-critical transfers, such as the transfer of funds between financial institutions and government agencies. Fedwire can also be used for the transfer of securities and other financial instruments.