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Narmi NowNarmi

Enables financial institutions to offer instant FedNow® Service payments, enhancing cash flow and user experience with secure, real-time transactions.

Vendor

Vendor

Narmi

Company Website

Company Website

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Product details

Narmi Now is a digital banking solution designed to integrate the FedNow® Service, allowing financial institutions to provide instant payment capabilities to their customers. This platform enables 24/7/365 real-time money transfer, empowering both businesses and consumers with immediate access to funds. Narmi Now features a scalable and secure architecture built to handle high transaction volumes while adhering to safety and compliance standards. For businesses, it offers tailored features to manage cash flow, payroll, and on-demand transfers. The solution directly connects to the Fed, processing transactions without intermediaries, and acts as an official onboarding representative for the FedNow Service, ensuring alignment with rollout plans. It includes advanced fraud prevention through Narmi Guard, which utilizes user data to detect and mitigate fraudulent activities. The seamless UI/UX is achieved via an Open API framework, allowing for native integration of FedNow into existing digital banking experiences, customizable to the institution's branding and style.

Features & Benefits

  • Instant Payments via FedNow® Service: Enables 24/7/365 real-time sending and receiving of payments, providing immediate fund access.
  • Scalable & Secure Architecture: Supports high-volume transactions with a resilient infrastructure prioritizing safety and compliance.
  • Empowers Businesses: Offers features for cash flow management, employee payments, and on-demand fund transfers.
  • Direct Fed Connection & Onboarding: Processes transactions directly with the Fed and assists financial institutions with FedNow onboarding.
  • Advanced Fraud Prevention (Narmi Guard): Leverages user data to identify and mitigate fraud before payments are processed.
  • Seamless UI/UX Integration: Open API framework allows for native integration into existing digital banking platforms, customizable to branding.