Enabling a digital-only bank with Finxact and Finzly

Objectives

Transition from an outdated, batch-based technology stack to a modern, digital-only banking platform
Offer real-time, efficient payment solutions to meet the unique needs of SMB clients
Integrate seamlessly with both legacy and modern core banking environments during the transformation process
Introduce instant payment capabilities incrementally, while ensuring long-term scalability and flexibility

Finzly’s Payment Processing Platform: Chosen for real-time ACH and Fedwire payments through Finzly’s unified, real-time payment engine, enabling modern payment capabilities
Smart Routing Capabilities: Enabled payments to be routed into both the legacy and modern core systems, ensuring operational continuity throughout the bank’s digital transformation
Customizable Workflows: Allowed the bank to tailor payment processes according to its unique business rules, avoiding the limitations of one-size-fits-all systems

Quick launch of digital bank: Easy integrations with legacy and modern cores led to a much faster launch of the digital-only bank, reducing time to market
Modern tech stack for payments: The bank now boasts a cutting-edge payment platform that attracts more business clients and positions them for growth as an SMB-focused bank
Scalable transformation: The bank can modularly adopt instant payment rails, progressively evolving its payment infrastructure to meet emerging needs without disruption