879. Insights: One year of FedNow: Has it changed payments in the US?

On this episode of Fintech Insider Insights, host Kate Moody is joined by some great guests to talk about FedNow. In July last year the Federal Reserve launched Fednow, a new instant-payment service promised as the biggest update to the US Central Bank’s system since the 1970s. When it launched we released a podcast asking whether or not FedNow would flop.  So, one year on and with 800 financial institutions signed up, has it flopped, has it not? Or is it still too early to tell?  This week's guests: Dave Morris - Global Head of Technology at 11:FS  Stephany Kirkpatrick - Founder & CEO of Orum  Sam Aarons - CTO and Co-Founder of Modern Treasury ---------------------------------- Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.  Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry. Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL. Whether you’re already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email [email protected]! Learn more about your ad choices. Visit megaphone.fm/adchoices