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Episode 384: How can your bank get started with FedNow?
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This episode examines an article from Independent Banker Magazine titled “5 Ways community banks can take advantage of FedNow.” The authors propose 5 steps that community banks can use to adopt FedNow. 1) Lean on third-party providers, 2) Start with a receive functionality, 3) Develop implementation plans, 4) Identify use cases that offer value, and 5) Talk to peers. FedNow continued its growth in the 1Q 2025 with more than 1,300 participating financial institutions. A link to the article is included below.
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