Completing a FedNow Risk Assessment: Basics to Details (Two-Part Series)

Join us for a two-part webinar series designed specifically for compliance personnel, focusing on performing a FedNow risk assessment. This first session will cover the foundational aspects of a risk assessment, providing an overview of what is required and how to go beyond basic requirements to ensure a robust risk management strategy. The second session focuses on a risk based approach and operating procedures & Operations Circular 8.

Part 1 – The Basics of a FedNow Risk Assessment: Requirements and Best Practices
July 22, 2025 | 2:00 – 3:30 pm

Part One is designed to help master the fundamentals of conducting a FedNow risk assessment. This session provides an introduction to the essential elements of a risk assessment, highlighting both the basic requirements and advanced strategies for creating a robust risk management framework. Participants will gain actionable insights into identifying, evaluating, and mitigating potential risks associated with the FedNow Service.

Key topics include an overview of FedNow, the critical importance of risk assessments, and best practices for going beyond the basics to ensure a thorough and effective process. Practical examples and expert insights will guide attendees in building a strong foundation for managing risks in real-time payment systems. This webinar is perfect for compliance officers, risk managers, and payment professionals looking to establish or refine their risk assessment strategies.

Together we’ll go over:

• An introduction to FedNow and the importance of conducting a risk assessment.
• Understanding the basic requirements for a FedNow risk assessment.
• Going beyond the basics: Best practices for a thorough and effective risk assessment.
• Key components of a general risk assessment, including identification, evaluation, and mitigation of potential risks.
• Practical examples to illustrate effective risk assessment strategies.

Part 2 – A Risk-Based approach to a FedNow Risk Assessment with the Operating Procedures and Operating Circular 8
July 23, 2025 | 2:00 – 3:30 pm

Building on the foundation established in Part 1, Part 2 of this webinar series focuses on conducting a FedNow risk assessment audit using a risk-based approach. This session provides a detailed exploration of Operating Circular 8 and the FedNow Service Operating Procedures, highlighting their critical areas and implications for risk management. Participants will learn how to identify and prioritize risks, ensuring compliance while effectively addressing operational vulnerabilities.

This session will guide attendees through the process of applying a risk-based audit approach, with an emphasis on identifying high-risk areas within Operating Circular 8 and the FedNow Service Operating Procedures. Attendees will gain actionable insights into asking the right questions during an audit and implementing strategies to ensure their institution’s compliance and operational resilience. Perfect for compliance officers, risk managers, and payment professionals, this webinar delivers the advanced tools and knowledge needed to conduct a thorough and focused risk assessment audit.

Ideal for compliance officers, risk managers, and payment operations personnel who have attended Part 1 or have a foundational understanding of FedNow risk assessments, this session will equip you with the advanced knowledge needed to perform a thorough and compliant risk assessment.

Whether you’re a compliance officer, risk manager, or involved in payment operations, this webinar series will provide you with the foundational knowledge needed to perform a comprehensive FedNow risk assessment.

Reminder: The registration fee includes live attendance AND a playback recording of each session in the series, available once the session concludes.

This series is eligible for Continuing Education (CE) credits by the American Bankers Association.