Finzly, a pioneer in banking and payments technology and a trusted Third Party Service Provider of ACH, Fedwire, RTP® and FedNow, announced that the company's CEO and founder, Booshan Rengachari, has been unanimously to represent the Technology Provider segment on the Board of Directors of the Faster Payment Council. Rengachari will serve a three-year term beginning June 1, 2023. In this role, Rengachari will advise and collaborate with other board of directors of the FPC to complement industry initiatives in the emerging payments realm. 

"As a longstanding advocate and original proposer of faster payments in the US, this exceptional opportunity allows me to work alongside like-minded individuals in driving industry transformation. Supporting FPC, a world-class organization dedicated to propelling faster payments into the mainstream, enables me to continue playing a pivotal role in these exciting times," remarked Booshan Rengachari, on his election to the FPC's board of directors.

The Faster Payments Council (FPC) is an industry-led membership organization that utilizes collaborative and problem-solving approaches to foster the adoption of faster payments in the US. The FPC's Board of Directors comprises a diverse representation of the payments ecosystem, leveraging their collective expertise to drive the organization's goals.

"We're thrilled to welcome Booshan Rengachari to the FPC Board of Directors representing our membership's Technology Providers segment.," said Reed Luhtanen, Executive Director, U.S. Faster Payments Council. "Booshan will be an important voice on our board, a dynamic group of industry professionals driving the conversation on faster payments. His leadership and expertise will be a valuable resource as we pave the way toward a future of faster payments for all."

Booshan Rengachari is a visionary entrepreneur who founded Finzly in 2012 with the transformative vision of revolutionizing banking technology and empowering financial institutions in the rapidly evolving connected ecosystem. Guided by a strong belief in simplifying the banking experience through the application of first principles of design, Booshan has successfully led Finzly in delivering award-winning trading and payment hub solutions. Notably, Booshan has also served as a former member of the U.S. Faster Payment Task Force.