MCB streamlines payments, FX, & fintech support for dual core
Overcoming core rigidity with Finzly’s modern payment hub
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Objectives
- Streamline loan disbursement for faster, reliable wire transfers
- Expand consumer FX services for seamless cross-border transactions
- Enhance fintech account management for partners like Payoneer and Revolut
- Enable core-agnostic flexibility across Fiserv and Finxact
- Unify multi-rail payment operations under one platform
Solution
- Loan wire automation: Finzly’s Teller streamlined loan disbursements, enabling faster, secure transfers with minimal manual effort.
- Automated FX services: MCB leveraged Finzly to launch scalable, automated FX solutions for seamless cross-border transactions.
- Virtual account management: Finzly’s virtual accounts optimized fintech partner support.
- Core-agnostic flexibility: Seamless, cost-effective integration with Fiserv and Finxact, without middleware.
- Unified payments: Payment Galaxy centralized wires, ACH, and FedNow operations, reducing costs and boosting scalability.
- Enhanced commercial payments: MCB is upgrading its Commercial Center capabilities with Finzly’s ACH APIs.
Outcome
- Efficient Loan Disbursements
- Enhanced Consumer FX Capabilities
- Optimized Fintech Account Management
- Multi-Core Flexibility
- Accelerated Implementation
- Unified Payment Operations
- Strengthened Commercial Banking
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
