Archie featured in the Federal Reserve’s new FedNowSM Service Provider Showc
Integrated API solution allows for plug-and-play using the existing core banking system. 100% compliant message conversion to ISO 20022 format. All message flows configured. Full end-to-end testing (source file and community) services available. Proven successful ISO 20022 deployment with substantial cost savings to the customer. Archie delivers on the core requirements for the FedNow Service’s launch in 2023. Currently, our solution is designed for financial institutions requirements. By spring 2023, we will add B2B, B2C/C2B, and P2P functionality. SWIFT has set the continuity period to run until 2025, and we believe that the focus right now is to get financial institutions ready and start setting technical roadmaps for large corporates, and then subsequent users.