BOSTON – The Federal Reserve Bank of Boston is pleased to announce the appointment of two FedNow® Service executives to senior leadership positions. Nick Stanescu and Daniel Anthony are both being promoted to executive vice president.

Stanescu will serve as chief FedNow executive, while Anthony will continue as FedNow’s chief information officer. 

The FedNow Service is an instant payment infrastructure developed by the Federal Reserve that allows eligible depository institutions of different sizes across the U.S. to provide instant payment services.

Stanescu celebrated 20 years with the Federal Reserve System in 2023. He has served as senior vice president and FedNow’s business executive since the program’s inception in August 2019. As business executive, Stanescu led FedNow’s product management, industry readiness, business integration, business operations and resilience, and product marketing and sales.

Before joining the Federal Reserve Bank of Boston, Stanescu held several executive- and senior-level roles within the Federal Reserve Bank of New York, including as the head of Payments Product Management where he had business responsibility for Fedwire Funds and National Settlement Services on behalf of the 12 Federal Reserve Banks. Collectively, these services clear and settle financial transactions exceeding $4 trillion per day and are a foundational underpinning of the United States financial system.

Anthony joined the Boston Fed and Federal Reserve System as senior vice president and chief information officer for the FedNow Service in 2019. As CIO, he manages and directs the program’s overall technology strategy, architecture, application development, and cybersecurity.

Anthony joined the Bank from one of New Zealand’s largest corporations, Fletcher Building, where he led the technology function. He previously held positions at Google’s gTech Flights division, and he served in other senior-level technology roles at Google, Accenture, LivingSocial, and Bearing Point. He has considerable expertise in strategic technology, portfolio management, solution delivery, software engineering, integration, and operations.

About the Boston Fed

The Federal Reserve Bank of Boston, one of 12 regional Reserve Banks, serves the First Federal Reserve District, which includes all New England except Fairfield County, Connecticut. The Bank monitors local and national economic conditions to aid in the formulation of monetary policy, engages in outreach to promote economic growth and community revitalization, supervises banks and bank holding companies, and provides financial services to facilitate banking operations.

Learn more about the Boston Fed.