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Finastra joins FedNow pilot program

Finastra has announced that it has joined the Federal Reserve’s FedNow pilot program to support the development, testing and adoption of FedNow services.

Finastra participates in other progressive banks, credit unions, and payment technology organizations in the FedNow community to help shape the future of payments and develop use cases that leverage FedNow capabilities.

“Finastra has deep expertise and knowledge of instant payment schemes around the world, enabling financial institutions to process payments in 12 countries on four continents and implement relevant overlay services,” he said. Ohad Chenkin, Vice President of Product Management for Payments Product and Payments Product, said. Finastra platform. “We look forward to bringing our knowledge and experience to the FedNow Pilot program to help facilitate immediate payments in the United States.”

The FedNow Pilot program is designed to support the development, testing and adoption of FedNow services and facilitate the development of services and use cases that leverage FedNow features. As part of the FedNow Pilot Program, Finastra assists in service and recruitment roadmaps, industry readiness, and the formation and input of an overall immediate payment strategy. Pilot companies also have the opportunity to work with the FedNow service before it is made publicly available.

Finastra joins FedNow pilot program

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