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Finzly has been recognized for exceptional human resource practices and an impressive commitment to their employees

Charlotte, N.C. June 27th, 2022 — Finzly has been named “2022 Best and Brightest Company to Work For” by the National Association for Business Resources (NABR). This national award identifies and honors companies that deliver exceptional human resource practices and an impressive commitment to their employees. This year, the Best and Brightest program honored 19 winning organizations from Charlotte, Denver, Miami, and Nashville out of 100 nominations.

The winning companies were assessed by an independent research firm which reviewed a number of key measures relative to other nationally recognized winners. Participants’ practices were benchmarked against other participants in their region and across the nation. Companies were scored on different categories measuring various aspects of employee engagement and culture. 

The categories that the companies were scored include: Compensation, Benefits and Employee Solutions; Creative, Wellness and Wellbeing Solutions; Employee Enrichment, Engagement and Retention; Employee Education and Development; Recruitment and Selection; Employee Achievement and Recognition; Communications and Shared Vision; Diversity, Equity and Inclusion; Work-Life Blend; Community Initiatives and Corporate Responsibility; and Leadership, Strategy and Company Performance.

Some categories where Finzly scored exceptionally include Employee Achievement and Recognition; Culture; and Diversity, Equity, and Inclusion.

Finzly is committed to not only building a world-class product for their customers, but also an excellent work environment and a promising future for their employees. Being named a “2022 Best and Brightest Company to Work For” is a significant milestone for us as we continue to build an innovative and inclusive culture for our employees and community.

Aarthie Ramachandran, VP – Operations at Finzly

“These 2022 winning organizations have stood out during unpredictable times and have proven they are an employer of choice. They continue to keep the needs of their employees first and provide perks that include development, wellbeing, work-life balance, rewards and recognition. In addition, these winning companies offer a fantastic work culture and workplace environment that attracts and retains superior employees”, said Jennifer Kluge, President and CEO of NABR and The Best and Brightest Program.

About the Best and Brightest Programs: The Best and Brightest Companies to Work For® competition identifies and honors organizations that display a commitment to excellence in operations and employee enrichment that lead to increased productivity and financial performance. This competition scores potential winners based on regional data of company performance and a set standard across the nation. This national program celebrates those companies that are making better business, creating richer lives and building a stronger community as a whole. There are numerous regional celebrations throughout the country, such as Atlanta, Boston, Chicago, Dallas, Detroit, Grand Rapids, Houston, Milwaukee, San Diego, San Francisco, Miami, New York, Charlotte, Denver, Nashville, and Pacific Northwest. Nominations are now being accepted for all programs. Visit thebestandbrightest.com to nominate your organization.

About Finzly: Finzly provides the financial infrastructure for Banks, Fintechs, and Businesses to offer and access financial services in an open, connected, real-time, and embedded ecosystem. Finzly’s operating system for banks acts as a parallel core platform and is modern, cloud-based, real-time, and API enabled. With an array of readymade banking solutions including a multi-rail payment hub (ACH, Fedwire, RTP, FedNow, and SWIFT), foreign exchange, Digital Account Opening, KYC, Risk, Compliance, and a suite of customer experience components, Finzly allows the building of programmable banks, also offering a platform to launch Banking as a Service to fintech partners. To learn more, visit http://www.finzly.com

Using Finzly’s modern, flexible, API-centric, end-to-end payments solution, the bank can cater to the payment needs of a wide array of businesses and fintechs.

CHARLOTTE, N.C. (PRWEB) JUNE 21, 2022

Finzly, Inc., an innovator in payments processing, announced that Hulett Bancorp (DBA Mode Eleven) has selected Finzly’s modern payment hub technology to power its full scope offerings. Finzly's Payment Hub allows banks to provide a single API for all payment rails to fintech partners, while customers and bankers enjoy a unified payment experience sending and receiving payments on the ACH, Fedwire, RTP and SWIFT payment networks. The Payment Hub is also prewired to clear and settle on the FedNow network and is ready to be easily turned on when it becomes available.

Mode Eleven combines the trust and reach of its nationally chartered bank subsidiary, Summit National Bank, and the power of a modern technology platform to support a wide array of financial services in the new Banking-as-a-Service paradigm. The bank’s fintech division uses a modern platform which caters to fintech partners and businesses seeking to embed credit, debit, loan, and deposit services. Using Finzly’s modern payments infrastructure, the bank can cater flexibly to the payment needs of a wide array of businesses and fintechs.

Finzly’s cloud-native, micro-services-based operating system comes with readymade banking apps out of the box, including a payment hub that is readily connected with the Federal Reserve, The Clearing House, and SWIFT, thereby offloading all payment processing from the bank’s core. Launching new payment rails is simplified and fast through Finzly’s modular plug-and-play architecture. The configurable workflow engine gives Mode Eleven full control over its payment processes, while providing it agility to innovate according to the needs of its fintech partners.

Backed by a strong leadership team that has substantial experience driving innovation in the market, Mode Eleven is building a future-proof technology stack that can enable its growth in the evolving market.

Banking-as-a-Service on a traditional banking core and tech stack necessitates middleware, often from multiple vendors, and still comes with constraints of limited API capabilities and higher costs. Using Finzly’s modern operating system sitting alongside the bank’s core, Mode Eleven can offer seamlessly integrated banking services with reduced costs and shorter time to market.

We needed a technology partner with a modern, flexible, API-centric, end-to-end solution with capacity to support our growth into a high payment volume operation. Finzly provides us immediate access to a forward-thinking, cost-effective, future-proof global platform to help us scale.

Ned Cataldo, EVP, Head of Strategy, New Product and Innovation at Mode Eleven

“Scalable payment modernization is critical to banks – especially at a juncture when banks are adapting their business models to cater to the needs of new customer segments like fintechs, developers and businesses, in addition to their existing customers. We are excited about our partnership with Mode Eleven, as the bank gets ready to meet the innovative embedded banking needs of various fintechs, providing the agility of a programmable bank on our operating system,” commented Booshan Rengachari, founder and CEO, Finzly.

About Mode Eleven
Mode Eleven, through its wholly owned subsidiary Summit National Bank, combines a nationally chartered bank and a technology platform with a modern Banking-as-a-Service platform to deliver a full range of solutions with greater speed, less risk, and less cost.

About Finzly
Finzly provides the financial infrastructure for Banks, Fintechs, and Businesses to offer and access financial services in an open, connected, real-time, and embedded ecosystem. Finzly’s operating system for banks acts as a parallel core platform and is modern, cloud-based, real-time, and API enabled. With an array of readymade banking solutions including a multi-rail payment hub (ACH, Fedwire, RTP, FedNow, and SWIFT), foreign exchange, Digital Account Opening, KYC, Risk, Compliance, and a suite of customer experience components, Finzly allows the building of programmable banks, also offering a platform to launch Banking as a Service to fintech partners. To learn more, visit http://www.finzly.com

finzpire 1.0, Finzly’s 10th anniversary special user conference, was held at The Hilton, Charlotte Airport, US, on 8-10 June 2022, and was attended by bank leaders from across the country.

The conference saw several bankers, thought leaders, industry doyens and subject matter experts participate in three days of interactive discussions, user roundtables and educational sessions on trending topics and bank innovation outside the legacy core.

Brett King, a futurist and author of Bank 4.0, a best-selling book on bank transformation, delivered a compelling keynote that stressed the need for a change in culture, beginning with a digital C-suite in incumbent banks, in order to cope up with the explosive infusion of technology. He emphasised the need for banks to consider their offerings from a “First Design” principle as against the conventional linear and unidirectional approach that largely contributes to the latency and friction in the traditional banking model.

John Venzon, managing director at Cornerstone Advisors, in his keynote spoke about sustainable value creation in banking by consciously aligning the bank’s vision, business model and TOM. He made a great point that vision needs validation as it can often be fussy, emotional and qualitative.

The session on bank transformation was a revelation of the approaches that banks are adopting to catch up with fintechs through “coopetition”. Inder Koul – chief information officer (CIO), First Source Bank, Laura Merling – chief transformation and operations officer, Arvest Bank, and Sean Viergutz – principal, PwC, elicited the need to create differentiation in niche industry segments and the importance of offering a consistent experience pervading the entire customer journey.

While Merling emphasised the need to balance between standardisation and personalisation in products, Koul accentuated the need for application rationalisation as a precursor to the centralisation of enterprise services. The discussions also delved into the imperative to move towards platform-based innovation using microservices that offer choice and modularity. The speakers explained how open APIs helped their banks accelerate the provision of innovative services to different customer segments.

Next on the cards was an exciting session on embedded payments. Peter McVey, SVP, director of payments, Lead Bank, enlightened the audience on how the right payment technology on a platform-based model is helping his bank attract a beeline of B2B fintech partners.

Michael Dowling – chief technology officer (CTO) of Summit National Bank, shared how his bank is gearing up to serve the increasing needs of a less-catered to customer segment – developers. Until recently, banks were the primary providers to consumers. Now several layers are building up, insulating the banks’ services including aggregators and distributors. The expert duo explained how their banks are playing to their strengths in payments infrastructure on platform-based operating systems to take advantage of this conducive scene.

Erik Van Bramer – SVP and national sales director, Federal Reserve Bank of Chicago, educated the bankers on the new instant payment service, FedNow, and specific use cases in the B2B segment. With the FedNow poised to become one of the biggest payment clearing and settlement systems in the world upon release, many banks are choosing to offer FedNow services outside their core providers. There is a great demand for innovative and modern use cases to be built at the point of consumption. Many of these use cases realise the full potential when backed by modern, cloud-based technology for processing the payments, he said.

Finzly’s FX product, FX STAR, is one of the most-used foreign exchange products in banks in the US. Finzly’s customers discussed the challenges and opportunities in international banking from a regional bank’s perspective. Challenges in establishing mutually beneficial partnerships with correspondent banks for FX liquidity, nostro accounts and multi-currency accounts were covered.

Bankers also discussed in depth about how they use technology to confront the challenges of dealing with correspondent institutions. Brian Simonson – senior director, FX, Western Alliance Bank, and Jeffrey Beisler Snell – head of international, Synovus Bank, discussed the challenges.

Dave Bhagat – senior managing director, international banking group, Western Alliance Bank; Robert Digangi – managing director, interest rate & FX management solutions, Bank of Montreal; and Aaron Zynczak – SVP and senior director international banking services, First Citizens Bank, spoke about the opportunities in the space.

Bankers also benefited from a session on the ISO 20022 migration where the subject matter expert from Swift, Marcos Cameron, drew visual analogies to this otherwise complex topic trending in bank boardrooms. Cameron elaborated on the opportunities for bank innovation using the new data format in high-value payments for corporate treasurers.

Tristan Thompson – payments strategy director at Arvest Bank, educated the bankers on the pros and cons of adopting crypto and how banks can take the initial steps in preparation for the imminent trend.

Finzly’s award-winning payment hub helps banks offer the simplest of payment experiences. Tanvi Patel, director, PwC, talked about the need to simplify the payments journey and how payment hubs can accelerate innovation to create modern payment experiences.

The digitisation challenges of trade finance and the opportunities that come with the newer and stronger international supply chain were also discussed, with veterans Paul Warfield – trade finance product manager, The Huntington National Bank; Diane Brenner – global trade operations manager, Fulton Bank; and Yenner Karto – SVP, managing director, head of international banking and FX, First National Bank of Pennsylvania, sharing their views.

Finzly’s founder and CEO, Booshan Rengachari, spoke about the obligation for banks to go back and clean up their technical debt as the first step towards meaningful transformation. He highlighted how operating systems with centralized services like audit and compliance can help unify operations and improve communication across different bank departments.

Financial inclusion, embedded banking, bank transformation, international banking, ISO 20022, instant payments, trade finance and platform-based bank operating systems were the underlying topics of discussions. The deliberations around these topics have reinforced the basic requisite for a holistic approach to transformation and the compelling need to follow a north star that guides the banks’ vision.

Source: Finzly celebrates ten years of providing innovative solutions to banks (fintechfutures.com)