Fintech Insider Podcast by 11:FS
831. News: The Wirecard whistleblower launches Confide, and Google Pay shuts down in the US
Mar 4, 2024
Delving into financial news, Orum's new Deliver API connects with the Federal Reserve, Wirecard whistleblower launches Confide for corporate misconduct. Google Pay closes in US, Chime partners with Zogo for financial literacy. EU adopts instant payment rules, Tooth Fairy inflation woes.
01:11:14
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Quick takeaways
- Orum's Deliver API connects to the Federal Reserve for improved payments, tackling technical challenges and downtime costs.
- Confide by Pav Gill empowers employees to report corporate misconduct confidentially, promoting transparency and accountability within organizations.
Deep dives
Orim Delivers API to Connect to US Federal Reserve
Orim launches deliver API facilitating money movement through Federal Reserve payment rails with direct connection to the Fed, aiming to combat technical challenges and downtime which could cost businesses up to $500,000 per hour. This marks a significant milestone towards faster, lower-cost, and more reliable payments.
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