Federal Reserve Board - News, Articles & Research

Company announcement/payments

CGI gains FedNow transaction certification

CGI (NYSE: GIB) (TSX: GIB.A) today announced that the CGI All Payments solution has been certified to support transaction activity for financial institutions that make payments on the Federal Reserve Bank’s new instant payments system, FedNow® Service.

21 September 2023

News/payments

Fed-backed project validates exchange framework for e-remittance information

Having demonstrated the operationally feasibility of an exchange framework to deliver e-remittance information, the Business Payments Coalition (BPC) and Federal Reserve are gearing up for a pilot.

05 September 2023

News/regulation

Fed warns Goldman over fintech unit risk - FT

A division of Goldman Sachs' transaction banking business (TxB) has stopped taking on riskier fintech clients after receiving a warning from the US Federal Reserve, according to the Financial Times.

01 September 2023

News/regulation

Fed extends remit to cover 'novel' technology-driven risks

The US Federal Reserve is setting up a new supervisory unit to cover 'complex' technology partnerships between banks and non-banks, crypto activities, and the implementation of blockchain technologies.

09 August 2023

News/payments

FedNow will be a ‘large accelerant’ for fintech - Plaid CEO

FedNow, the Federal Reserve’s new payments system that was launched last week, is predicted to bolster growth for the US fintech sector according to Plaid CEO Zach Perret.

28 July 2023

News/payments

US instant payment network FedNow goes live

The Federal Reserve has switched on its new instant payment system, FedNow, with 35 banks and credit unions onboard.

20 July 2023

Company announcement/regulation

Deutsche Bank fined $186 million for AML deficiencies

The Federal Reserve Board on Wednesday announced two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates.

20 July 2023

Company announcement/payments

Temenos achieves certification for Fed Now

Temenos (SIX: TEMN) today announced that it has successfully completed certification for the FedNowSM Service, the Federal Reserve’s new instant payment offering launching in July 2023.

19 July 2023

News/crypto

NY Fed and banks upbeat on digital dollar pilot results

The Federal Reserve Bank of New York says that proof-of-concept run with a host of banks has demonstrated the feasibility of a regulated digital asset settlement platform supported by shared ledger technology.

07 July 2023

Company announcement/retail

US regulators issue final guidance on third-party risk management

Federal bank regulatory agencies today issued final joint guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology companies.

08 June 2023

Company announcement/payments

Federal Reserve consumer payment survey shows continuation of pandemic trends

The Federal Reserve System’s FedCash Services (FCS) released a report from its ongoing research into the payment habits of the U.S. population.

22 May 2023

News/crypto

NY Fed and MAS find promise in CBDC for cross border payments

Distributed ledger technology can be used for cross-border, cross-currency payments between different CBDC ledgers, reducing settlement risk and cutting settlement time, according to research from the Monetary Authority of Singapore and the Federal Reserve Bank of New York.

22 May 2023