The Federal Reserve’s FedNow program, intended to streamline the clearing and settlement process, will be tested by five Northern California regional banks and three credit unions (CUs), according to a report from North Bay Business Journal. FedNow, which will be fully implemented by 2023, will...
August 18, 2023
The FinTech IPO Index slid 2.8%, as earnings continued to come in, particularly from companies based overseas. Katapult shares led to the downside through the past five sessions, with shares down 23% during that time. The company said in its most recent earnings announcement earlier in the month that gross originations were $54.7 million, an increase […]
April 04, 2021
The Federal Reserve’s FedNow program, intended to streamline the clearing and settlement process, will be tested by five Northern California regional banks and three credit unions (CUs), according to a report from North Bay Business Journal. FedNow, which will be fully implemented by 2023, will let individuals and companies transfer funds between accounts, pay bills […]
