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Levio Business & Technology

Levio Consulting Inc

Solution(s): Payment Modernization Services
Website(s): levioconsulting.com (Off-site)
Contact: Ricky Panchal, ricky.panchal@levio.ca

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Levio provides advisory, implementation and innovation services to support financial institutions adopting and expanding the FedNow Service. Our services span strategy, planning, implementation and ongoing operations to enable secure, scalable and compliant instant payment capabilities. We support real-time payments across core account types, including demand deposit accounts (DDA), consumer and commercial loans, and other deposit-based products, with careful consideration of liquidity, risk and fraud controls.

Levio helps institutions define and prioritize FedNow Service use cases such as instant disbursements, account funding, bill payments, payroll and request-for-payment scenarios. From a technology perspective, we design and integrate solution architectures that connect the FedNow Service to existing core banking systems and payment platforms. This includes detailed requirements, data flows, API specifications and testing strategies. Where needed, we develop custom tools such as operational dashboards, reporting consoles and monitoring solutions to initiate, manage and track instant payment activity in real time. Our services support multiple user types, including financial institution operations staff, treasury and risk teams, customer service teams and end customers (business and retail). We also provide change management, operational readiness and ongoing support to help institutions operate effectively in the 24x7x365 FedNow Service environment.

Segment type(s)

  • Consulting Firm/System Integrator
  • Financial Institution Service Provider

Solution type(s)

  • Account Tokenization
  • Banking as a Service (BaaS)
  • Core Banking Platforms
  • Correspondent Services (settlement)
  • Digital User Experience (mobile/online interfaces)
  • Digital Wallet Providers
  • Pay by Bank
  • Payment Service Providers
  • Payment Testing Platform Providers (including Sandbox Opportunities, proof-of-concept services)
  • Payments Hubs/Platforms/Payment Gateways
  • Risk Management and Fraud Services

Use cases/markets served

  • Bill Pay and Presentment
  • Buy Now Pay Later
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • P2P Payments
  • Payroll

FedNow functionality supported

  • N/A

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.