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.”
Volante Extends Collaboration with Citi for Global ISO 20022 Migration
Citi will be the first Volante customer to offer a unified approach to ISO 20022 migration across the globe.
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NEW YORK, Jan. 19, 2021 /PRNewswire/
Volante Technologies, the global leader in cloud payments and financial messaging, and Citi Treasury and Trade Solutions (Citi) are deepening their longstanding relationship to accelerate the bank s adoption of the ISO 20022 financial messaging standard across its global payments operations. As a result of this collaboration, Citi will be the first Volante customer to offer a unified approach to ISO 20022 migration across the globe.
Volante Technologies Hires Strategic Sales, Partnership and Marketing Leaders to Accelerate Global Payments as a Service Expansion
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NEW YORK and LONDON and DUBAI, UAE and MEXICO CITY, Jan. 6, 2021 /PRNewswire/
Volante Technologies, the global leader in cloud payments and financial messaging, today announced an expansion of its go-to-market team with strategic senior hires across sales, partnerships, and marketing. This expansion follows Volante s
recent raise of $35m in growth capital from a consortium of investors led by Wavecrest Growth Partners, including BNY Mellon, Citi, Poste Italiane, and Visa Inc.
Volante has seen strong adoption of its cloud-native payments solutions by institutions like