ISO 20022 Payment Readiness: What Treasury Must Fix Before November 2026
Release Date: 07/27/2026
Seismic Shifts in Payments: Fraud, Regulation, and Validation (SouthState Bank)
The Treasury Update Podcast
In this episode, and of explore the overlapping changes reshaping payments, from instant payment rails and richer ISO 20022 data to evolving fraud threats and Nacha requirements. They discuss the shift from trust-based to verified payments and practical ways treasury teams can strengthen controls, improve visibility, and stay ahead of change. Timestamps: 00:00 Introduction 01:07 Why payments are undergoing seismic shifts 02:21 Faster payments and richer data 03:26 Fraud and payment rail security 07:54 Moving from trust to verified payments 09:01 About Wes Bryant and SouthState Bank 11:04...
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ISO 20022 Delayed: What Treasury Should Do Now
The Treasury Update Podcast
In this episode, and explain what Swift’s ISO 20022 deadline changes mean for corporate treasury. They distinguish the delayed structured-address requirement from other messaging changes and discuss why teams should use the extra time to clean payment data, inventory workflows, coordinate with banks, and complete testing. Timestamps: 00:00 Introduction 00:36 ISO 20022 deadline changes 01:17 What SWIFT delayed 02:21 Structured and hybrid addresses 04:16 Why the delay shouldn't stop preparations 05:35 Understanding hybrid addresses 07:41 Payment files, bank portals, and data accuracy...
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Changes at the Fed: What Makes the Warsh Fed Distinctive (Federated Hermes)
The Treasury Update Podcast
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The Psychology of Bank Fee Management: Pain Avoidance and Relief (Open Fees)
The Treasury Update Podcast
In this episode, and of examine why bank fee management is easy to avoid but costly to ignore. They discuss what account analysis statements can reveal about unnecessary services, internal behavior, and control gaps, and how automation can turn a tedious monthly review into actionable insight for managing banking relationships. Timestamps: 00:00 Introduction 00:42 Why bank fee management gets avoided 05:00 Why normal invoice review breaks down 09:11 About Open Fees 11:19 What bank statements reveal 16:57 Bank fees, risk, and fraud controls 22:20 Automating bank fee analysis 26:15 How to...
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Know Your Customer: Reducing KYC Nightmares (Avallone)
The Treasury Update Podcast
In this episode, and of discuss why KYC remains one of treasury’s biggest operational pain points and how technology can reduce the burden. They explore AI-assisted responses, data security, human oversight, and how KYC may evolve as digital identity and shared utility models mature. Timestamps: 00:00 Introduction 00:33 Why KYC is a treasury pain point 02:14 KYC nightmare examples 04:20 Operational challenges 09:00 About Avallone and Anders 11:01 Using AI to reduce KYC work 13:07 Avoiding AI errors 16:00 Data privacy and model training 17:50 Build vs. buy for KYC 21:11 The future of KYC...
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The Fraud Playbook: Lessons from Law Enforcement for Treasury (Conduit Security)
The Treasury Update Podcast
In this episode, and of examine how sophisticated wire fraud schemes exploit legitimate payment processes. Drawing on real-world cases and Ryan’s former FBI experience, they discuss compromised email accounts, altered payment instructions, deepfakes, money mules, and the pressure criminals use to bypass otherwise sound controls. They also explore treasury’s role as the superintendent of payments and the incident-response playbook organizations should prepare before a loss occurs. For more from Conduit Security, watch their participation in . Timestamps: 00:00 Introduction 01:00...
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Economic Update: Treasury Considerations for the Remainder of 2026
The Treasury Update Podcast
In this episode, and discuss the economic conditions treasury teams should be watching through the remainder of 2026. They cover Fed leadership, inflation, labor markets, liquidity, working capital, geopolitical risk, tariffs, sanctions, and the importance of using reliable data and banking relationships to stay informed. Timestamps: 00:00 Introduction 00:48 New Fed leadership and monetary policy 04:53 Growth, inflation, and energy 08:47 Treasury’s economic outlook 10:44 Geopolitical risk, tariffs, and sanctions 16:07 How treasury teams can stay informed 18:46 AI, data, and economic...
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What the Best Treasury Organizations Do Exceptionally Well
The Treasury Update Podcast
In this episode, and discuss what separates high-performing treasury organizations from the rest. They explore the importance of strong fundamentals, continuous improvement, people development, cross-training, standardized processes, proactive risk management, and technology that supports better decision-making. The discussion also offers practical steps treasury teams can take to reduce manual work and build capabilities over time. Timestamps: 00:00 Introduction 01:18 What separates high-performing treasury teams 02:24 Governance, policies, and controls 03:34 Building a continuous...
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Treasury Leaders’ Decision Framework: Prioritizing What Matters
The Treasury Update Podcast
In this episode, and discuss how treasury leaders can make better decisions when resources, time, and management attention are limited. They examine how to prioritize competing initiatives, balance short-term wins with long-term strategy, avoid reacting only to urgent issues, and evaluate investments in the broader context of the organization. The discussion also covers resource constraints, root-cause thinking, cross-functional input, and the importance of regularly reviewing people, processes, technology, data, and structure. Timestamps: 00:00 Introduction 01:32 Why prioritization is...
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Treasury Technology Debt: The Hidden Costs of Yesterday's Decisions
The Treasury Update Podcast
In this episode, and discuss treasury technology debt, the hidden burden created when legacy systems and infrastructure continue to work but increasingly limit flexibility, security, and future capabilities. They explain how treasury teams can assess technology and identify where outdated tools create the most drag, and how to prioritize upgrades without trying to replace everything at once. The discussion also covers ISO 20022, APIs, AI, cloud-native architecture, interoperability, and why treasury should regularly review its technology stack to maintain a practical runway for...
info_outlineIn this episode, Lee Patton and Craig Jeffery discuss what corporate treasury teams must do to prepare for the November 2026 ISO 20022 structured address requirements. They discuss why the rules can affect organizations even when they do not originate ISO 20022 files, how incomplete payment inventories and address data can cause rejections, and why treasury, AP, IT, banks, and service providers must coordinate to validate payment workflows and data readiness.
ISO 20022 Readiness Webinar: https://strategictreasurer.com/webinar-iso-20022-readiness/
Swift ISO 20022 Address Requirements: https://www.swift.com/standards/iso-20022/iso-20022-faqs/iso-20022-removal-unstructured-address
Fedwire ISO 20022 Implementation Center: https://www.frbservices.org/resources/financial-services/wires/iso-20022-implementation-center
What Is ISO 20022? (2021): https://strategictreasurer.com/44-what-is-iso-20022/
Updating ISO 20022: Exploring New Formats, Data, and Benefits (2023): https://strategictreasurer.com/277-updating-iso-20022/
Demystifying ISO 20022: The Future of Payment Formats (2024): https://strategictreasurer.com/webinar-demystifying-xml-iso-20022/
ISO 20022: From Compliance to Competitive Advantage (2025): https://strategictreasurer.com/372-iso-20022/
Timestamps:
00:00 Introduction
00:21 What ISO 20022 payment readiness means
01:11 November 2026 structured address requirements
03:01 Why non-ISO payment files are affected
04:14 Common payment readiness gaps
06:08 Assessing data and payment workflows
07:34 Final readiness checklist
08:39 Closing thoughts
08:59 Outro
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