Customer Stories

Centralizing Fintech Transaction Management for Quaint Oak Bank


The bank was striving to establish itself as a BaaS provider, catering not only to fintech partners but also to downstream respondent banks. However, its existing core and fragmented accounting systems have made it impossible to offer APIs to fintechs and account for fintech transactions. Onboarding the complex hierarchies for downstream banks and fintech partners has demanded additional BaaS platforms, complicating the tech landscape and slowing down their BaaS launch.


The bank chose Finzly for its unified API covering all payment rails and seamless onboarding of fintechs and respondent relationships via Finzly virtual accounts. Finzly's platform, encompassing payments, deposits, and FX, along with a full suite of APIs, resolves the challenge of lacking a single source of control over all fintech transactions.

Payment rails

Open API



  • Core: Fiserv Precision

  • OFAC, Fraud management: Verafin

  • Swift: Stonex

  • GL: Prologue


The bank has gained a unique competitive advantage by partnering with Finzly, the only provider offering APIs for accounts, payments, and FX in the market. This partnership has not only saved the bank integration costs but has also attracted more fintechs directly to its modern platform, bypassing BaaS platforms. Additionally, the bank stands to earn a substantial revenue share, as there are no BaaS platforms in place to take a cut.

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.

William Gonzalez , EVP and COO - Quaint Oak Bank