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Numisma Bank starts operations backed by SAP Fioneer Cloud for Banking

Fintech Review

Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. We are dedicated to ensuring Numisma’s success, applying our extensive market knowledge and providing continuous support as they navigate the challenges of a young company.

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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management.

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The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). Why is it important?

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President Trump issues Executive Order on digital assets

The Payments Association

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’