Community banks are at a pivotal point in adapting to the changing dynamics of payments rails. The introduction of instant payments and the upcoming ISO 20022 migration for Fedwire are transforming how transactions are processed and how financial institutions compete
In this ICBA-hosted webinar featuring Alacriti’s Neeraj Gupta, SVP of Product Management explore the lessons learned from the increased number of instant payments go-lives in 2023 and how community banks can prepare for the upcoming changes in wire transfers and payment automation in 2025.
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- Insights into the adoption and operationalization of instant payments and their impact
- The implications of ISO 20022 for wire transfers and how to prepare for the change
- How to reduce costs and improve efficiency with a centralized payments hub to orchestrate and automate transactions across all rails
- Strategies for community banks to leverage payments innovations to compete
