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Treasury to replace checks with FedNow payments
The U.S. Federal Reserve’s FedNow platform has exceeded expectations in its first year, expanding its reach to 10% of financial institutions, so far. FedNow is expanding its reach to financial institutions on the network and volume is expected to follow in the coming years, Kristin Robertson, director of account management at fintech Finastra, told…
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ClearBank wins license allowing fintech to expand across europe
ClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking the UK company’s first step toward global expansion. The European Central Bank authorized the permit, under the supervision of De Nederlandsche Bank, ClearBank said in a statement Friday. The license allows the…