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ICBA's ThinkTECH Accelerator returns with an exciting cohort of six emerging fintech companies poised to revolutionize community banking. Engage with these innovators to explore solutions' benefits, implementation strategies, and ROI tailored to your bank's needs.
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The Latest
Aug. 07, 2020
The Federal Reserve Board released details of its forthcoming FedNow real-time payments service, which it is seeking to launch in 2023 or 2024.
In a Federal Register notice and branding announcement, the Fed said it will take a phased approach to implementation, with the first release providing core clearing and settlement features to help banks manage the transition to a 24x7x365 service. Additional features will be introduced over time.
On a webinar, Fed Governor Lael Brainard said core features of the service will include fraud mitigation, a liquidity management tool to cover intraday overdrafts, and standards to support interoperability with private-sector payment services.
ICBA led a years-long campaign on behalf of Fed involvement in real-time payments and will continue working with the Fed as it develops and implements FedNow. It has called on the Fed to introduce the service as quickly as possible to maximize adoption among community banks.
The Latest
Aug. 07, 2020
The Federal Reserve Board released details of its forthcoming FedNow real-time payments service, which it is seeking to launch in 2023 or 2024.
In a Federal Register notice and branding announcement, the Fed said it will take a phased approach to implementation, with the first release providing core clearing and settlement features to help banks manage the transition to a 24x7x365 service. Additional features will be introduced over time.
On a webinar, Fed Governor Lael Brainard said core features of the service will include fraud mitigation, a liquidity management tool to cover intraday overdrafts, and standards to support interoperability with private-sector payment services.
ICBA led a years-long campaign on behalf of Fed involvement in real-time payments and will continue working with the Fed as it develops and implements FedNow. It has called on the Fed to introduce the service as quickly as possible to maximize adoption among community banks.
ThinkTECH x CAFE Fintech Showcase: Advancing Financial Equity Through Innovation
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A world of community bank solutions is at your fingertips. Find product and solution providers for your community bank, all right here.
The nationally acclaimed ICBA ThinkTECH Accelerator program promotes early-stage solutions designed specifically for community banks and the customers those banks serve.
