Dragonfly Financial Technologies Corp. has launched a new solution allows to enhance their digital banking offering.
The service, known as FedNow Payments, allows banks to leverage the recently deployed FedNowÒ Service, an instant payment infrastructure developed by the Federal Reserve, to bolster their own solution.
The product allows for instant payments at any time, streamlining various financial processes such as payroll processing, bill payments, cash flow management, reconciliation, and liquidity management, seamlessly integrating with existing payment systems
BaaS FinTech Dragonfly Financial Technologies Corp., is a digital banking and treasury management FinTech that powers innovative digital customer experiences for commercial banking institutions. Its Commercial Banking Platform unites internal banking systems, enabling banks to provide superior customer experiences and introduce new services with speed and ease.
Jim Gillespie, Chief Product Officer at Dragonfly Financial Technologies Corp., said, “The FedNow Service is set to transform the current payment ecosystem. As we continue to expand our digital composable banking platform, we know it’s of critical importance to have the latest payment solutions available for our customers. Our FedNow Payments enables banks to provide their customers with real-time, flexible payments that are secure and scalable, and we’re excited to offer this new payment option to banks that are making the jump to the FedNow Service.”
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