Seamlessly serve fintechs and enterprises with virtual accounts
24/7 virtual ledgers for immediate and transparent record-keeping
Use virtual accounts for direct control and visibility over fintech FBO custodial deposit accounts for BaaS partnerships. Help enterprises manage complex accounting structures. Easily integrate these solutions through APIs for an improved embedded banking experience.
Learn more about the power of virtual accounts from our report with Datos Insights.
Benefits you can bank on
Complete internal control
100% visibility of transactions with real-time GAAP and IFRS‑compliant accounting for fintech beneficial accounts.
FDIC rule compliant
FDIC-compliant accounting, recordkeeping, reporting and reconciliation processes for regulatory adherence, risk management and transparency.
Reduce cost
Manage accounts at scale beyond the core system through virtual accounts with more flexibility and less cost.
Increase revenue through embedded banking APIs
Use virtual ledgers to streamline accounts receivable (AR) and accounts payable (AP) management, attracting corporate customers.
Automated 24/7 real-time accounting
Get event‑driven, real‑time, rule‑based accounting integrated with general ledgers for all your channels.
Real‑time account alerts
Get event‑based customer notifications for ledger‑related activities – and stay in the loop with real‑time updates.
Multi‑currency and multi‑asset accounts
Give your customers the freedom to manage multiple currencies and multiple assets using virtual accounts.
Branded virtual card issuance
Issue white‑labeled debit cards for virtual accounts extending your ledger-as-a-service offerings.
Compliance reporting
Out of the box reports on custodial deposit accounts and transactions at beneficial owner level to meet FDIC rules.
Open APIs for embedded banking
Plug‑and‑play APIs for payments including FedNow, RTP, ACH and Fedwire, deposits, virtual accounts, FX, and more — all from a single integration.
Zero core downtime: enabling seamless 24/7 payments
Say goodbye to core downtime concerns with virtual ledgers that serve as a shadow core, guaranteeing seamless 24/7 instant payments on FedNow and RTP with flawless accounting.
"We found a true partner in Finzly to help us innovate on our terms. Finzly's platform surpasses other market offerings, enabling us to address our innovation priorities in payment modernization and embedded banking seamlessly through a single platform."
Insights
6 CFPB Rules Financial Institutions Must Know for BaaS and Open Banking
Why Virtual Accounts Are Back in Vogue
Finzly Launches Account Galaxy: Embedded Banking Solution with Virtual Account and Virtual Ledger Capabilities
Datos Report: Virtual Ledgers - A Powerful Tool for Managing Fintech Relationships
Webinar On Demand – Embedded Banking with Brett King
Embedded Finance: Should Banks Overthrow Intermediaries and Reclaim Control?
Why are fintechs and platforms attracted to a single API for payments?
Supercharge your bank today.
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