$21B innovative bank transforms payments, embedded finance
Payment infrastructure for an innovative forward-thinking bank
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Objectives
- Centralize and streamline payment operations across all rails to boost efficiency and customer satisfaction
- Enable instant payments for vertical-specific use cases, starting with title insurance companies, and prepare for expansion into other industries like venture financing, municipalities and government agencies
- Provide seamless embedded finance capabilities to enhance business customers' cash flow management and payment experiences
Solution
- Modern payment hub: Centralized ACH, Fedwire, and real-time payments (FedNow and RTP) on a cloud-native platform using Finzly Payment Galaxy
- Embedded finance with open APIs: Integrated payment services into vertical-specific platforms, enabling faster and more convenient payments
- Real-time, scalable platform: Delivered 24/7/365 payments with a futureproof infrastructure built for growth
Outcome
- Delivered instant payments for title insurance companies, improving transaction speed and efficiency
- Positioned for expansion into other verticals
- Enhanced customer satisfaction with simplified, real-time payment experiences
- Achieved scalability, flexibility, and cost savings through centralized operations on Finzly’s payment hub
We were fortunate to partner with a strong vendor like Finzly from an API perspective.
AnonymousSVP, Head of Payments
ACH
Fedwire
FedNow
RTP
Cross Border Payments
Payment Hub
ISO 20022
Deposits
Virtual Ledger
Multi-Currency Accounts
Open APIs for Embedded Banking
Business Banking
Consumer Banking
Teller Banking
Foreign Exchange
Trade Finance
