Fintech Devs May Get Fed Master Accounts
The White House has signed an executive order to evaluate extending Federal Reserve master accounts to uninsured depositories and non-bank fintechs. This move could significantly change the US fintech landscape by allowing these entities direct access to payment systems without relying on sponsor banks. The Federal Reserve has 120 days to report back on this initiative, which could streamline operations for fintech developers.
- ▪The executive order aims to integrate financial technology innovation into regulatory frameworks.
- ▪Master accounts would allow fintechs to settle directly through Fedwire and access payment services without intermediaries.
- ▪Currently, only insured depository institutions hold master accounts, creating dependencies for fintechs.
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try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 3850103) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } Tom Wang Posted on May 27 • Originally published at tomcn.uk Fintech Devs May Get Fed Master Accounts #fintech #paymentdeveloper #paymentinfrastructure #fednow On 19 May 2026, the White House signed an executive order titled "Integrating Financial Technology Innovation into Regulatory Frameworks." For anyone who follows US fintech policy at the headline level, it reads like another round of "regulators told to be friendlier to innovation." For anyone who actually builds payment…
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