Federal Reserve Board - News, Articles & Research

Company announcement/regulation

Federal agencies seeks views on financial institutions' use of artificial intelligence

Five federal financial regulatory agencies are gathering insight on financial institutions' use of artificial intelligence (AI).

31 March 2021

Company announcement/payments

First Internet Bank joins FedNow Service pilot

First Internet Bank today announced its participation in a pilot program for the FedNow Service, the Federal Reserve’s instant payments network. This collaboration further evidences a commitment to digital banking and faster payments on the part of First Internet Bank, the nation’s first state chartered, FDIC-insured institution to operate entirely online.

31 March 2021

Company announcement/payments

Finastra joins FedNow pilot programme

Finastra announced that it has joined the Federal Reserve’s FedNow Pilot Program to support development, testing and adoption of the FedNow Service.

15 March 2021

Company announcement/payments

FedNow outlines approach to ISO 20022 specifications

The new year is off to a fast start for the FedNow Service.

26 February 2021

News/payments

Fed payments system knocked out

US Federal Reserve systems used by financial institutions to execute payments went down for several hours on Wednesday.

24 February 2021

News/payments

Fed narrows timeframe for launch of real-time payments platform

The Federal reserve has cut the launch timetable for its new real-time payment system FedNow by a full year to 2023.

04 February 2021

Company announcement/payments

More than 110 organisations lined up for FedNow pilot programme

The Federal Reserve Banks today announced that more than 110 organizations are participating in the pilot program for their upcoming instant payments offering, the FedNow Service.

26 January 2021

Company announcement

US bank regulators propose cyber-security rule requiring prompt notification of a breach

Federal financial regulatory agencies today announced a proposal that would require supervised banking organizations to promptly notify their primary federal regulator in the event of a computer security incident.

18 December 2020

News/payments

EBAday 2020: It’s do-or-die time for real-time payments

Launching into the session ‘Reaping the potential of real-time payments’, Dean Wallace, director of real-time payments, digital and request to pay, ACI Worldwide argues that the expectations of the market will only continue to evolve, pressuring financial institutions to finalise their real-time payments (RTP) strategy.

25 November 2020

Company announcement/regulation

US bank regulators release paper on operational resilience

Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience.

03 November 2020

News/payments

Fed seeks pilot participants for FedNow instant payments

The Federal Reserve is seeking expressions of interest from financial institutions and vendors to participate in a pilot programme to support development, testing and adoption of the FedNow instant payment service.

14 October 2020

News/crypto

Fed partners MIT on 'hypothetical' digital currency

The Federal Reserve Bank of Boston is working with the Massachusetts Institute of Technology (MIT) to develop a "hypothetical" digital currency platform.

18 August 2020