Tag : Federal Reserve

SRM Releases Report on the Impact of FedNow and the Outlook for Instant Payments in the United States
Digital Payments News

SRM Releases Report on the Impact of FedNow and the Outlook for Instant Payments in the United States

Business Wire
by Business Wire0
SRM, an independent advisory firm serving financial institutions across North America and Europe, released its new report titled “Examining the First Year of FedNow & the State of Instant Payments.” “SRM sees instant payments as an essential component of a financial institution’s broader payments strategy” It has been just over a......
REPAY Partners with Green Dot to Expand Cash Bill Pay Innovations for Consumers and Businesses
Fintech News

Green Dot Corporation Partners with Repay

Business Wire
by Business Wire0
Green Dot Corporation today announced that Repay Holdings Corporation (“REPAY”), a leading provider of vertically integrated payment solutions, has joined its growing list of partners utilizing the Green Dot Network to expand bill payment options for REPAY’s clients spanning personal finance, auto finance, credit unions, mortgage and other industries. Powered by the......
Bankers Remain Pessimistic about Economy Amid Fears on Rates
Fintech News

Bankers Remain Pessimistic about Economy Amid Fears on Rates

PR Newswire
by PR Newswire0
Although credit quality continues to hold steady, bankers are pessimistic about economic conditions for their institutions amid fears the Federal Reserve will wait until late next year to begin lowering interest rates, according to a new survey of bank executives released today by fintech IntraFi. The survey, which garnered responses......
Securities and Exchange Commission and Federal Reserve Board Have Granted Final Approval for Settlements with Eagle Bancorp, Inc. and EagleBank, Respectively
Currency Exchange News

Securities and Exchange Commission and Federal Reserve Board Have Granted Final Approval for Settlements with Eagle Bancorp, Inc. and EagleBank, Respectively

Fintech News Desk
by Fintech News Desk0
Eagle Bancorp, Inc., holding company for EagleBank, one of the largest community banks in the Washington, D.C. area, today announced the Securities and Exchange Commission (SEC) and Federal Reserve Board (FRB) have granted final approval for the settlement of charges relating to the Company’s identification, classification and disclosure of related......
Metallicus Forms Advisory Board of Banking Regulatory and Compliance Experts
Banking News

Metallicus Forms Advisory Board of Banking Regulatory and Compliance Experts

Fintech News Desk
by Fintech News Desk0
Metallicus, a leader in digital assets technologies, announced the formation of its Advisory Board comprised of former senior officials from the U.S. Federal Reserve, the Office of the Comptroller of the Currency, and executives with experience in regulatory compliance and internal audit at major financial institutions. Latest Fintech News: Torches Launches......
OneBlinc Launches New OneBlinc Debit Mastercard to Offer Fair Financing Products for Underserved Customers
Fintech News

OneBlinc Launches New OneBlinc Debit Mastercard to Offer Fair Financing Products for Underserved Customers

Fintech News Desk
by Fintech News Desk0
New checking and debit features offer more options, better financial planning tools as part of nationwide expansion OneBlinc announced the launch of its new debit card, powered by the Mastercard network, which offers fair financing options to the over 22% of U.S. households that are unbanked or underbanked – according......
State of the Fintech Industry and a Look into 2021
Fintech Guest Posts Investment Services

State of the Fintech Industry and a Look into 2021

Greg Schultz
by Greg Schultz0
It is no secret that 2020 has been a year like no other. The COVID-19 pandemic, economic shutdowns and government stimulus plans have greatly impacted where the financial industry stands today and where it is headed in 2021. While the current situation is not, to borrow a euphemistic medical phrase,......
Federal Reserve Announces ISO 20022 Specifications for Initial Launch of its FedNow Service for Instant Payments
Digital Payments Fintech News

Federal Reserve Announces ISO 20022 Specifications for Initial Launch of its FedNow Service for Instant Payments

Fintech News Desk
by Fintech News Desk0
The Federal Reserve released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO. The FedNow ISO 20022 specifications define the message flows and formats that the service will leverage when operational in 2023.......
Volante to Help Shape the Future of Instant Payments
Banking Business Fintech News

Volante to Help Shape the Future of Instant Payments

Fintech News Desk
by Fintech News Desk0
Volante Technologies, the global leader in cloud payments and financial messaging, announced their participation in a pilot program for the Federal Reserve’s upcoming instant payments offering, the FedNowSM Service. The offering highlights the industry’s charge to provide American consumers and businesses with instant payments services that deliver control, convenience and certainty. In the U.S.,......
First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank
Banking Fintech News

First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank

Fintech News Desk
by Fintech News Desk0
Historic charter award defines a new beginning for digital banking, providing comprehensive services aimed at the 180 million Americans underserved by the traditional system(Fintech ) Varo Money, announced it has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from......
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