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Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? • Strategies for leveraging ISO20022 messages to develop profitable value-addedservices. • Catering to corporate customers as the primary revenue source for instant payments. Register
Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Strategies for leveraging ISO20022 messages to develop profitable value-addedservices. Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET.
Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Strategies for leveraging ISO20022 messages to develop profitable value-addedservices. Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET.
APIs allow banks the opportunity to offer value-addedservices that can be relatively easy to layer on top of new real-time payment rails, leading to improved customer products and services, better access to customer data and, for the FIs themselves, the boon that comes with better visibility into cash flow.
In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.
Live Oak Bank has enhanced its commercial and small business banking services by partnering with Finzly for its Fedwire solution. Finzly’s technology enables 100% straight-through processing (STP) and will help ensure the bank is compliant with upcoming ISO20022 regulations.
But the Federal Reserve has its own horse in the race, called FedNow , which is on the horizon. Panelists agreed that to get more adoption by stakeholders, banks must leverage real-time infrastructure to unlock value for corporate clients that moves well beyond the confines of simply being fast. Awareness of those differences is key.
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