Federal Reserve's Fedwire system handles over a trillion dollars' worth of financial transactions, with Volante Technologies speeding up the process for quicker payments.
Volante Technologies' Cloud-Native Solution Processes Over $1.4 Trillion in Daily Fedwire Transactions
Volante Technologies, a leading provider of cloud-native Payments-as-a-Service solutions, has announced that its platform now processes over $1.4 trillion in daily Fedwire transactions. This achievement represents more than 30% of the total value moving through the Federal Reserve's Fedwire Funds Service.
The news comes after the successful industry-wide migration to ISO 20022 on 14 July 2025. All of Volante's clients, including major banks and regional institutions, successfully went live with ISO 20022-compliant operations on the Fedwire Funds Service from day one. Although the specific bank names are not disclosed in the available information, it is clear that Volante's solution has played a significant role in helping these financial institutions transition to the new standard.
Financial institutions are seeing immediate benefits in terms of operational efficiency, risk reduction, and customer satisfaction. Volante's solution enables full infrastructure modernisation within 6 to 9 months, offering a rapid time-to-value that is critical in an era of regulatory compliance, competitive differentiation, and digital innovation.
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 leads to richer transaction data, improved compliance capabilities, and better alignment with cross-border payments ecosystems.
Gupta, the CEO of Volante Technologies, notes that a proactive, strategic approach to ISO modernisation will unlock long-term value, future-proof operations, and differentiate from competitors. The company's solution sets a new standard for modern payments infrastructure, built on cloud technology, offering high levels of resilience and extensibility.
Volante's solution has been instrumental in helping various financial institutions transition to ISO 20022. The platform is designed for long-term scalability and operational efficiency, offering a fully ISO 20022-native solution. This contributes to enhanced operational performance, leading to richer transaction data, improved compliance capabilities, and better alignment with cross-border payments ecosystems.
In conclusion, Volante Technologies' role in the global transition towards agile, data-driven, and interoperable payment systems is undeniable. The achievement of processing over $1.4 trillion in daily Fedwire transactions highlights Volante's role in the payments industry and its commitment to helping financial institutions navigate the complex world of modern payments.
