America’s “Small Business Bank” redefines Commercial Banking
Payment transformation for commercial banking & embedded banking for bank on two cores
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Objectives
- Enhanced SMB Banking: Modernize domestic and international wire services for SMBs through Finzly’s Payment Galaxy.
- Embedded Solutions for Verticals: Use APIs to offer tailored financial services, solving specific challenges for industries like healthcare.
- Core-Agnostic Flexibility: Enable seamless posting across Fiserv and Finxact cores, dynamically routing transactions.
- ISO 20022 Compliance: Adopt native ISO 20022 standards for efficient, translation-free operations.
- Unified Payments Hub: Build a future-proof platform for ACH, wires, and instant payments, unifying processes and enabling new rail integration.
Solution
- Advanced wire services: Finzly’s Payment Galaxy powers seamless domestic and international wire capabilities for the bank’s commercial banking needs.
- Embedded banking: API-driven Open Galaxy delivers tailored solutions for verticals like healthcare, integrating banking into client workflows.
- Core-agnostic management: Automates payment routing across Fiserv and Finxact, reducing costs and operational complexity.
- ISO 20022 compliance: Native support ensures streamlined, future-ready payment operations.
- Real-time monitoring: Webhook-enabled console provides instant payment status updates for enhanced transparency.
Outcome
- Strengthened Commercial & SMB offering
- Expanded Embedded Banking capabilities
- Futureproof unified payment processing
- Cost-effective multi-core management
- Seamless ISO 20022 compliance
100%
straight-through processing
100%
real-time payments monitoring
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
