Payment Consulting for Banks & Fintech Companies: By Techzert Software

The U.S. banking sector is undergoing a significant transformation in payments modernization, driven by ISO 20022 adoption, real-time payments, and AI-driven fraud detection. Financial institutions should both adhere to worldwide payment message requirements while integrating safe adaptable solution frameworks that guarantee their market competitiveness.

With the Federal Reserve's Fedwire Funds Service migrating to ISO 20022 by March 2025 and The Clearing House’s CHIPS network already transitioned in April 2024, banks, fintech firms, and central financial entities must assess their ISO 20022 adoption timeline to avoid compliance issues. (Source)

TechZert stands as the vital solution for this situation. TechZert specializes in payment consulting, ISO 20022 migration, and AI-powered fraud detection, helping U.S. financial institutions integrate IBM Financial Transaction Manager (FTM) and IBM Safer Payments to streamline transactions and secure digital payments.

ISO 20022 Adoption: A Critical Milestone for U.S. Payment Systems

The global standard for cross-border transactions as well as securities messaging and real-time settlements is ISO 20022 payments. While global payment networks have already transitioned, U.S. banks and fintech companies must now align with the ISO 20022 adoption timeline to maintain interoperability and meet regulatory expectations.

• Fedwire and CHIPS Migration:
  • Fedwire will implement ISO 20022 standards during March 2025 which will provide enhanced transaction data with structured formats.
  • CHIPS completed its migration in April 2024 which established a benchmark for other financial institutions to follow.
• Challenges for Banks & Fintechs:
  • The incapacity of legacy systems to process ISO 20022 payments results in both operational inefficiency as well as compliance risks.
  • Financial institutions experience difficulties when implementing ISO 20022 migration because they lack internal expertise to guide the process.
  • Manual processes slow down ISO 20022 cross-border payments, increasing transaction failures.

How TechZert Can Help:

TechZert provides payment processing consulting services to U.S. financial institutions looking to adopt ISO 20022 payments without disruption. The company offers:

• Seamless ISO 20022 adoption strategies, minimizing downtime.
• IBM FTM implementation for real-time transaction processing.
• Automated message validation for smooth ISO 20022 migration.

TechZert helps banks and fintechs achieve efficient payment infrastructure modernization which prevents disruptive expenses.

IBM Financial Transaction Manager (FTM): Payment Orchestration at Scale

IBM Financial Transaction Manager (FTM) is a centralized payment orchestration platform that enables real-time payments, ISO 20022 compliance, and multi-channel transaction processing. TechZert provides specialized deployment and optimization services for IBM FTM to banks and capital markets firms and fintechs operating in the U.S.

Key Benefits of IBM FTM:

• Multi-rail transaction management: Handles multiple payment methods, including FedNow, RTP, ACH, and wire transfers.
• ISO 20022 compatibility: Supports structured messaging formats to improve data consistency across banking networks.
• Real-time processing: Enables faster settlements with enhanced payment orchestration.
• Cloud-based deployment: Runs on hybrid and multi-cloud environments, reducing infrastructure constraints.

TechZert’s IBM FTM Implementation Services:

• Payment consulting for real-time payment orchestration.
• ISO 20022 migration support, ensuring seamless integration with FTM.
• Fraud risk assessment and IBM Safer Payments integration for secure transactions.

TechZert’s expertise allows banks and fintech firms to maximize IBM FTM’s capabilities and align with the latest payment modernization trends. With a deep understanding of multi-rail payment processing, regulatory compliance, and real-time transaction management, TechZert helps financial institutions optimize payment orchestration without operational bottlenecks.

IBM Safer Payments: AI-Powered Fraud Prevention for Banks & Fintechs

Fraud-related losses in the U.S. financial sector exceeded $10 billion in 2023 (Source)

IBM Safer Payments provides real-time AI-driven fraud detection, ensuring banks and fintech firms can detect fraudulent transactions instantly.

IBM Safer Payments Features:

• Machine learning algorithms identify fraud patterns in real time.
• Customizable AI models adapt to institution-specific risk scenarios.
• High-speed processing prevents fraud without delaying transactions.

TechZert’s Role in Implementing IBM Safer Payments:

• Deployment & Configuration: Implementing Safer Payments for banks and fintechs.
• Fraud Risk Analysis: Evaluating security gaps and designing real-time detection models.
• Integration with IBM FTM: Strengthening payment security while maintaining efficiency.

TechZert enables U.S. banks and fintechs to build resilient fraud prevention frameworks that adapt to evolving financial threats. By leveraging IBM Safer Payments' AI-driven analytics, TechZert helps institutions detect fraud patterns in real time, reducing false positives and minimizing financial losses.

Steps for Banks & Fintechs to Modernize Payment Systems

For financial institutions planning ISO 20022 adoption, IBM FTM integration, and fraud prevention upgrades, a structured migration approach is critical.

1. System Assessment & Compliance Review

• Evaluate legacy payment infrastructures and identify compliance gaps.
• Define an ISO 20022 adoption timeline to avoid regulatory penalties.

2. Technology Adoption & Payment Orchestration

• Deploy IBM FTM to consolidate multi-channel payment transactions.
• Implement real-time payment orchestration to improve processing speed.

3. AI-Powered Fraud Prevention

• Integrate IBM Safer Payments for transaction risk monitoring.
• Train fraud detection models for real-time AI-based interventions.

4. Continuous Optimization & Performance Monitoring

• Utilize automated validation tools to maintain ISO 20022 compliance.
• Establish fraud analytics dashboards to track transaction anomalies.

Why U.S. Banks & Fintechs Should Partner with TechZert?

With ISO 20022 adoption accelerating, banks and fintechs require a trusted payment consulting partner for a smooth transition.

TechZert offers:

• ISO 20022 adoption for the compliance with Fedwire, CHIPS, and SWIFT requirements while improving data integrity and operational efficiency.
• IBM Safer Payments to implement AI-driven, real-time fraud detection that minimizes false positives and enhances transaction security.
• IBM FTM consulting services to merge transactions from ACH, FedNow, RTP and cross-border payments for enhanced processing speed and efficiency.
• Future-proof their payment systems that use flexible real-time technology which complies with current market requirements and future regulatory standards.

TechZert brings proven knowledge of IBM payment technology to deliver secure operational transitions for banks and fintechs who benefit from reduced risks and enhanced business resilience.

Read more about how TechZert can help!

The Bottom Line

The U.S. financial landscape is evolving rapidly, with ISO 20022 adoption, payment orchestration, and AI-driven fraud prevention shaping the future of banking and fintech operations. Businesses active in Fedwire must initiate payment infrastructure modernization right now since operating with real-time payments and ISO 20022 compliance is nearing mandatory adoption. 

TechZert serves as a reliable partner that provides payment consulting services, ISO 20022 migration strategies as well as IBM FTM integration and AI-powered fraud detection solutions to U.S. banks and capital markets firms and fintech companies.

With a track record of successful implementations and deep expertise in financial transaction systems, TechZert helps institutions navigate complex payment transformations with minimal disruption and maximum efficiency.

The time to streamline payments, reduce compliance risks, and build resilient fraud prevention frameworks is now. Partner with TechZert to drive your payment modernization strategy forward.

Get in touch with TechZert today to discuss your payment transformation needs.