Mmastodon BusinessBanking first seen 13 h ago, last 6 h ago, peak #4
Stripe and Ramp push for direct Federal Reserve access
Original: Fintechs press for Fed access Stripe and Ramp executives highlighted their companies’ need for more access to the Federa
Executives from fintech firms Stripe and Ramp said their companies need greater access to the Federal Reserve's payment rails, speaking at a Fed conference. Their remarks underline a growing push by financial technology companies to connect directly to US central bank payment systems rather than relying on intermediary banks. The debate touches on long-standing questions over which institutions qualify for Fed master accounts and how much fintechs should be treated like banks.
Why now: Fintech lobbying for direct Federal Reserve payment access is drawing attention as regulators weigh who qualifies for central bank services.
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