Volante processes $1.4tn transactions on Fedwire for faster payments

By Vriti Gothi

Volante Technologies, a cloud-native Payments-as-a-Service solution, has enabled the company’s banking clients now process over  $1.4 trillion in daily Fedwire transactions through its ISO 20022-native platform, accounting for more than 30% of total value moving through the Federal Reserve’s Fedwire Funds Service.

This achievement follows the successful industry-wide migration to ISO 20022 on 14 July 2025, marking a critical juncture in the modernisation of real-time gross settlement systems. Volante’s platform played a pivotal role in helping a broad spectrum of financial institutions, from regional banks with a few billion in assets to some of the world’s largest globally systemically important financial institutions (G-SIFIs), transition seamlessly to the new standard.

Rather than relying on short-term translation workarounds, Volante has taken a forward-looking approach by offering a fully ISO 20022-native platform designed for long-term scalability and operational efficiency. Built on cloud technology, the platform offers high levels of resilience and extensibility, enabling banks to not only meet current regulatory mandates but also prepare for an increasingly data-rich and interoperable global payments landscape.

All of Volante’s clients successfully went live with ISO 20022-compliant operations on the Fedwire Funds Service from day one.

The impact of this modernised infrastructure is already evident. Banks using Volante’s solution are now experiencing straight-through processing rates of up to 99% for both inbound and outbound messages. This enhanced operational performance translates to richer transaction data, improved compliance capabilities, and better alignment with cross-border payments ecosystems. Financial institutions are also seeing immediate benefits in terms of operational efficiency, risk reduction, and customer satisfaction.

Volante’s solution offers rapid time-to-value, enabling institutions to complete full infrastructure modernisation within as little as six to nine months. This agility is critical in an era where regulatory compliance, competitive differentiation, and digital innovation are converging. As Gupta noted, “Banks who take a proactive, strategic approach to ISO modernisation will be those best positioned to unlock long-term value, future-proof their operations, and differentiate from competitors, ultimately leading the next era of payments.”

This milestone underscores Volante Technologies’ role as a trusted partner in the global transition toward more agile, data-driven, and interoperable payment systems. By enabling seamless migration, delivering robust technical capabilities, and prioritising customer-centric outcomes, the company continues to set a new standard for what modern payments infrastructure should deliver.