Skip to main content

Looking for Valuant? You are in the right place!

Valuant is now Abrigo, giving you a single source to Manage Risk and Drive Growth

Make yourself at home – we hope you enjoy your new web experience.

Looking for DiCOM? You are in the right place!

DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

Looking for TPG Software? You are in the right place!

TPG Software is now part of Abrigo. You can continue to count on the world-class Investment Accounting software and services you’ve come to expect, plus all that Abrigo has to offer.

Make yourself at home – we hope you enjoy being part of our community.

AML/CFT BSA Rules and Regulation Fraud Prevention Fraud Trends

Embracing FedNow: A guide for financial institutions

The FedNow Service, which went live in July 2023, is the new instant payments infrastructure developed by the Federal Reserve to enable real-time payments between all financial institutions on behalf of their customers or members. However, some banks and credit unions are waiting to adopt FedNow until kinks in the system are worked out. Ultimately, the faster payment method could easily replace ACH, check, and card payments.

The payment rail has some built-in anti-fraud capabilities, and fraud and AML/CFT staff can take several steps during their institution’s FedNow implementation to combat and reduce fraud. Read this whitepaper to learn:

  • How and at what pace your institution should implement FedNow
  • Anti money laundering and fraud implications for FedNow and parameters to understand before adopting at your institution.
  • Best practices for adopting FedNow, including employee training, customer education, and infrastructure reviews.