Pidgin and United Bankers' Bank Named American Banker's 2025 Innovation of the Year
The collaboration between Pidgin and UBB has empowered more than 1,000 community banks to offer their customers secure and convenient payment options through the FedNow Service, the Federal Reserve's instant payment offering.
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According to UBB, 'Receiving this Innovation of the Year award is a proud moment for us and a testament to the strength of our collaboration with Pidgin. At UBB, we are focused on operational excellence and customer-centric innovation. By partnering with Pidgin, we've accelerated our ability to deliver seamless, secure, and modern payment experiences that meet the evolving needs of our clients.'
The collaboration between Pidgin and UBB has empowered more than 1,000 community banks to offer their customers secure and convenient payment options through the FedNow Service, the Federal Reserve's instant payment offering. By providing community banks with access to cutting-edge payment technology, Pidgin and UBB have helped level the playing field, allowing smaller financial institutions to compete effectively with larger banks and fintech companies.
Since going live with Pidgin, UBB has consistently increased the number of partner banks participating in the FedNow Service by 5-10% each month. The partnership enables community banks to process transactions quickly and securely across a variety of use cases, including Peer-to-Peer (P2P), Consumer-to-Business (C2B), Business-to-Consumer (B2C), and Business-to-Business (B2B) payments.
"Being recognized by American Banker for our work with UBB is a tremendous honor that validates our mission to make instant payments accessible to financial institutions of all sizes," said Abhishek Veeraghanta, Founder and CEO of Pidgin. "This award belongs equally to the team at UBB, whose forward-thinking approach to payments has enabled their network of community banks to participate fully in the real-time payments landscape."
American Banker's Innovation of the Year awards will be presented at a special gala during the Digital Banking Conference in Boca Raton on June 14, 2025. The awards recognize groundbreaking solutions driving real business impact and redefining what's possible in banking and financial services.
About Pidgin
Pidgin is an innovative and secure faster payments ecosystem, enabling financial institutions, business owners, and individuals to process transactions quickly and with lower fees. Engineered for the future of payments, Pidgin allows financial institutions to send and receive instant payments while keeping funds within the institution, rather than a third-party holding account. For more information, visit www.pidgin.net or follow Pidgin on LinkedIn.
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