Federal Reserve Board

242 results about this entity

Period: 17 Feb 2006 - 26 Jul 2024

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/payments

Pidgin secures certification for FedNow instant payments service

Pidgin, a secure real-time payments platform built for the future of payments, is among the first companies in the industry to complete testing and certification for the FedNowSM Service, the Federal Reserve’s new instant payment offering launching in July 2023.

/payments

Federal Reserve confirms July launch date for FedNow

The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch.