Synechron, Inc., a leading global digital transformation consulting firm, is proud to have one of its Synechron accelerators featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions.

The FedNow Service is a new instant payment platform the Federal Reserve Banks are launching in 2023 to provide financial institutions of every size, and in any location across the nation, access to safe and efficient instant payment services in real time, 24 hours a day.

Sandeep Kumar, Managing Director and Head of the FinLabs and PayTech Accelerator Program at Synechron, USA, said  “We are honored to have been accepted as part of the FedNow Service Provider Showcase and we look forward to helping member organizations implement instant payments,” “With our proprietarily-built ‘ISO 2022 Simulator’ solution in our FinLabs, financial institutions will be able to access the speed, convenience and other benefits the FedNow Service will provide when it launches in 2023.”