Digital banking platform Ibanera can now conduct real-time payments in the U.S. with the Federal Reserve’s FedNow network, ushering in a new era of modern payments nationwide.
This strategic collaboration allows Ibanera’s API driven banking ecosystem to suppor fintechs and businesses with 24/7 transactions.
Michael Carbonara, CEO of Ibanera, emphasized the transformative impact of this partnership.
“FedNow represents the latest developments in our relentless pursuit of redefining the boundaries of digital banking, particularly with peer-to-peer payments,” he said in a release. “Our introduction of real-time payments through FedNow is part of Ibanera’s long term strategy to lead in the development of the new digital economy with cutting-edge financial tools, ensuring businesses and consumers alike experience the immediacy and flexibility they deserve around the clock."