Narmi, a leading provider of digital banking solutions, is among the first in the industry to complete testing and certification for the FedNow Service, the Federal Reserve’s new instant payment offering. The service will enable financial institutions to offer 24x7x365 instant payments, allowing customers to send and receive money immediately.   

“We are excited that early adopters of all sizes across the country are making strides in their operational readiness for live transactions through the system,” said Ken Montgomery, Federal Reserve Bank of Boston first vice president and FedNow Service program executive. “Completing certification is a key milestone for participating organizations to validate their ability to deliver instant payment services.” 

To achieve certification, Narmi completed a comprehensive testing curriculum, including fulfilling a checklist of requirements to confirm ability to transmit and process ISO® 20022 messages, and attested that they are prepared to meet the requirements to successfully operate in a 24x7x365 instant payments environment.  

Narmi clients are able to monitor, manage, and action on any instant payment directly in the Admin Platform. By centralizing the FedNow, ACH, and Wire workflows into a unified portal, Narmi is making it easy for staff to efficiently handle incoming and outgoing payments in one place. 

“Narmi is thrilled to be one of the first digital banking providers to be certified with the FedNow® Service,” said Chris Griffin, Co-Founder of Narmi. “Digital banking providers like Narmi have an outsized role to play when it comes to instant payments, and we are excited to offer an integrated instant payments experience for both end-users and financial institutions.”