Onboarding to FedNow®: A Guide for Financial Institutions

Unpack the essentials of integrating with the FedNow® service. Dive into insights from Operating Circular 8, FedNow® service operating procedures, and real-world experiences to learn about the FedNow® onboarding process.

Recorded Tuesday,
May 14th, 2024
Presented by Kevin Olsen
1h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • BSA
  • Compliance
  • Deposit
  • Transaction Compliance
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Internal Auditor
  • Risk Manager
  • Training Manager
  • Trainer

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Navigating the onboarding process for FedNow® services can be intricate, but with the right guidance, financial institutions can seamlessly integrate. This webinar deciphers the nuances of Operating Circular 8 and the FedNow® service operating procedures. Learn the different ways to connect to the FedNow® Service to discover which option is best for you. We will review the most common questions about onboarding. Additionally, we'll shed light on practical experiences from a seasoned service provider, offering a holistic view of the onboarding journey. By the end, attendees will be equipped with the knowledge and strategies to efficiently transition and make the most of the FedNow® services.

What You'll Learn

  • Best practices for FedNow® service onboarding
  • Overcome common onboarding challenges
  • Real-world case studies of successful integrations
  • Tips for optimizing FedNow® service benefits
  • Key collaboration strategies between service providers and financial institutions
  • Steps for a smooth transition with minimal disruptions

Who Should Attend

Ideal for decision-makers and professionals in financial institutions, this session will particularly benefit Operations Managers, Digital Strategy Professionals, Risk Management Departments, Compliance Officers, IT Departments, Innovation and Product Development Teams, and Training and Development Departments.

Kevin Olsen

Instructor Bio

Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” (when education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow).

Among his many certifications, Kevin is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification) as well as an NCP Certified Trainer and a Certified High-Performance Coach (CHPC), and holds a masters in industrial organizational psychology from Liberty University.