Innovation: Faster Payments for a Network of Community Banks
Category: Other Innovation
United Bankers' Bank, a correspondent bank based in Bloomington, Minnesota, and real‑time payments fintech Pidgin teamed up to develop a platform that provides the connective tissue and plumbing a bank needs to offer real-time payments through FedNow, RTP or the automated clearinghouse. The platform made instant payments a possibility for more than 1,000 community banks.
Read more