With around 400 banks and credit unions in the Greater Boston area, Boston is rightfully considered to be one of the top financial centers in the United States. But like financial institutions all across the country, these banks and credit unions face a dilemma: How can they embrace the forthcoming real-time payment revolution while staying a step ahead of regulators?
By mid-2023, we are going to see the introduction of FedNow, a wide-scale real-time payment network. Increasing consumer demand for…
