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James Dornbrook: KC Fed’s George sees ‘urgency’ to modernize tech

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An ongoing period of significant technological change in the U.S. financial system is creating the opportunity for better speed and efficiency, but it's also creating challenges. Esther George, president of the Federal Reserve Bank of Kansas City, is leading a national task force responsible for coming up with ways to reduce payment fraud and advancing the safety, security and resiliency of payment systems. In a March 4 speech at the Central Exchange in Kansas City, George said the effort is of…

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