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BaaSFlow

BaaSflow Inc

Solution(s): Kenu & Glide
Website(s): baasflow.com/fednow-solutions-page (Off-site)
Contact: James Dailey, James.dailey@baasflow.com

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

Kalydos Kenu is our ready-made electronic money institution solution, which includes onboarding, scalable lending and payments. Payments are handled by Glide, a cloud-native payment hub and orchestration platform that helps financial institutions and fintech programs implement, operate and innovate on the FedNow Service. We support DDA/current accounts and can integrate instant payment flows with loan servicing, wallet or stored-value balances, virtual accounts, and treasury or settlement accounts. Glide provides API-driven initiation, routing, monitoring and exception handling for real-time payments. The platform is designed to support ISO® 20022 message flows, operational workflows, alerts, reporting, reconciliation and liquidity-aware processing, with dashboards and controls for operations, treasury, risk and support teams. We can also expose client-facing APIs and event-driven services so banks, fintechs and enterprise customers can embed instant payments into retail and business digital channels, bill pay, disbursements, account-to-account transfers and request-for-payment experiences.

Our services include implementation planning, scheme connectivity design, integration to core banking and ledger systems, testing, certification support, operational readiness, fraud and risk controls, and launch support. Glide is multi-tenant, cloud-based and built for many-to-many payment connectivity, so institutions can add the FedNow Service as part of a broader payment orchestration strategy rather than as a stand-alone rail. We are also seeking a regulated partner to offer managed connectivity to the FedNow Service.

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • Core Banking Platforms
  • Payments Hubs/Platforms/Payment Gateways
  • Payment Testing Platform Providers (including Sandbox Opportunities, proof-of-concept services)

Use cases/markets served

  • Buy Now Pay Later
  • Loans (direct or indirect)

FedNow functionality supported

  • Other

Ability to integrate with outside core processing solutions

  • Yes, some

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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.