More Than 110 Organizations Will Participate in the FedNow Pilot Program
The
US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program.
FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
Esther George, President and CEO of the
Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvement initiatives, stated:
“We’re gratified by the industry’s tremendous interest and willingness to devote time and energy to help us develop the FedNow Service. As a result, we’ve adjusted to accommodate more participants than we originally planned.”
Banker 2020 Bank of the Year goes to Stanbic
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1st National and Cayman National receives Caribbean Bank of the year award
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Banker Magazine Names Caribbean Banks of the Year Published: 14 December 2020
Castries, Saint Lucia: - The calendar year 2020 has had more than its fair share of challenges, not least a pandemic that has had a massive adverse knock-on effect on the global economy. Against that backdrop, Caribbean financial institutions have been soldiering on, and even excelling to the extent that they have been able to enjoy global recognition.
Two of the member organizations of the Caribbean Association of Banks (CAB) Inc. have been named among the most outstanding banks in the Americas for the past 12 months. This came as the Bank Of The Year awards were presented by the internationally-renowned Banker Magazine, the Global Banker’s Bible for over 90 years.
Banker Magazine Names Caribbean Banks Of The Year - St Lucia News From The Voice
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