Bank chooses platform to streamline processes, improve operational efficiency and introduce new online portal for treasury customers
CHARLOTTE, N.C. – June 24, 2020 – Finzly, a modern fintech provider of banking applications for foreign exchange, trade finance, payments and digital banking, announced today that Arvest Bank has selected Finzly’s EXIM STAR solution to streamline trade finance processes, improve operational efficiency and introduce a new online portal for its customers.
Arvest is a community bank chartered in Fayetteville, Ark. Whether online or in a branch, Arvest works to put the needs of customers first as it continues to fulfill its mission – “People helping people find financial solutions for life.” As part of its robust commercial banking operations, Arvest’s Treasury Management team understands that small businesses drive the economy and that day-to-day money management can occupy too much of their owners’ time and energy. Arvest’s Treasury Management team strives to take that burden off business owners.
In an effort to grow and expand its capabilities, Arvest chose to invest in technology that is more modern, can achieve stronger levels of automation, save time, and improve the customer experience. After comprehensive investigation, Arvest determined that Finzly was the best fit for its needs.
“When evaluating our trade finance service, we knew we needed to improve how we managed our operations if we planned to grow the business,” said Paul Jarrett, Senior Vice President and Director of Treasury Management Products at Arvest. “With Finzly, we will be able to introduce stronger process automation, more easily and efficiently track our portfolio of letters of credit, standbys, guarantees, collections and financing. And with our new client portal, our customers can self-serve and manage their trade finance products online.”
Finzly EXIM STAR is a state-of-the-art trade finance system powered with a client portal and back office processing engine. The solution delivers maximum efficiency, optimal processing and reduced risk in the processing letter of credits, standbys, guarantees, collections and financing.
“We love working with banks like Arvest who invest wisely in technology to deliver a great customer experience and enhance the service that its treasury customers have come to expect,” said Booshan Rengachari, CEO and founder of Finzly. “We proudly welcome Arvest to the Finzly family. By partnering with us, Arvest Bank will have the tools to fully manage its trade finance business, allowing it to confidently grow and compete.”
Finzly is a Charlotte-based Fintech founded by financial engineers with the mission to create a modern, real-time, and responsive platform for bankers and bank customers who need to break free from technology limitations. Finzly found its initial success in its foreign exchange, trade finance, lending, digital banking, and branch banking solutions.
With its launch of BankOS platform and Payment Hub solutions, Finzly has expanded its mission to enable banks to accelerate the launch of new products and services in the market.