Insights -

3 min read

Is Your Bank Truly a Real-time Bank?

At Nacha Smarter Faster Payments 2024, a panel moderated by Finzly CEO Booshan Rengachari addressed that question. Chris Nichols, Director of Capital Markets at South State Bank, and Tim O'Donnell, Managing Director – Payments at Accenture, joined.

Insights -

2 min read

finzpire 3.0 Recap: Empowering Banks for Tomorrow

Finzly hosted customers, prospective clients and partners in Charlotte from May 29 – May 31 this year for our annual invitation-only user conference. This year’s theme was "supercharging banks"- the imperative of enhancing banks’ capabilities with.

Insights -

4 min read

ISO 20022 for Fedwire: A Strategic Imperative for Financial Institutions

The adoption of ISO 20022 is a crucial development for the financial sector, promising to make payments faster, more transparent, and more affordable. Yet many financial institutions (FIs) have yet to develop a comprehensive strategy or select a.
    • Insights
    ACH: Strongly navigating the headwinds in payments
    ACH’s dominance in value and volume has been unwavering. Recent studies from the FED[1] and NACHA[2] show that Same Day ACH is gaining foothold in volume and value, rising by 75.1% and 92.9% respectively in Q4 of 2021, with 169.3 million payments valued at $268.4 billion. This blog looks at how...
    • Insights
    Banks & Fintechs feel the urgency to partner
    November has seen an intense surge in Bank-Fintech acquisitions. With digital banking becoming synonymous with fintechs, banks are creating new avatars, vaulting into the new digital ecosystem, either acquiring or being acquired by fintechs.
    • Insights
    Is your bank ready for the ISO 20022 mandate?
    Banks need to prepare themselves for processing changes that can receive, store and process data in the structure and granularity prescribed by the global ISO 20022 standard.
    • Insights
    67% of businesses receiving payments digitally: Should banks worry?
    The pandemic has exposed the inherent problems with manually intensive AR processes, leaving businesses face cash flow issues. This has spurred the adoption of automating ARs, with 64% of firms shifting away from physical invoices and 67% receiving more payments digitally, according to a recent...
    • Insights
    Are Amazon's fintech partnerships causing pressure on card networks?
    While it is still not clear if Amazon is building a nextgen bank, there is mounting evidence that the company is building ammunition on every facet - payments, lending, insurance and checking accounts. Amazon's recent fintech partnership with Affirm, the BNPL firm has also raised eyebrows. Affirm...
    • Insights
    The B2B opportunity in ACH payments
    B2B volumes are continuing to increase following the pandemic, with more businesses resorting to non-paper-based payments. There were 1.4 billion B2B payments, an increase of 18.7% from the same time in 2020(Source NACHA). While there is speculation about how instant payments will displace ACH,...
    • Insights
    Immediate cross-border payments are becoming a reality
    France’s EBA Clearing, Belgium’s SWIFT, and the U.S.’s The Clearing House (TCH) are working together to launch Immediate Cross-Border Payments (IXB)
    • Insights
    Banks are looking beyond their core providers for innovation
    Open banking is a new precedent to acquire customers and grow the existing customer base for banks. Banks are rethinking existing business models and leveraging third-party collaborations to innovate at speed. Certainly, it is a catalyst for business model innovation to promise ubiquity in...
    • Insights
    Alternative cores: The new breeding ground for innovation
    Erika Bailey (Bank Director) explores how banks are using APIs provided by alternative cores to fast track innovation Years before the Covid-19 crisis pushed the banking industry headfirst into a digital-forward ecosystem, many financial institutions felt stuck in place.
    • Insights
    A2A payments opportunity for banks
    An A2A payment simply moves money directly from the payer’s bank to a merchant or service provider’s bank. A2A transfers powered by instant payments infrastructure is catching up in use case in the space of C2B payments, especially e-commerce.
    • News
    Finzly Named a Finovate Awards Finalist in Two Categories
    Finzly’s BankOS and Payment Galaxy™ recognized for providing financial institutions greater freedom to innovate and modernize
    ❮
    1 2 3 4
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      • Insights
      ACH: Strongly navigating the headwinds in payments
      ACH’s dominance in value and volume has been unwavering. Recent studies from the FED[1] and NACHA[2] show that Same Day ACH is gaining foothold in volume and value, rising by 75.1% and 92.9% respectively in Q4 of 2021, with 169.3 million payments valued at $268.4 billion. This blog looks at how...
      • Insights
      Banks & Fintechs feel the urgency to partner
      November has seen an intense surge in Bank-Fintech acquisitions. With digital banking becoming synonymous with fintechs, banks are creating new avatars, vaulting into the new digital ecosystem, either acquiring or being acquired by fintechs.
      • Insights
      Is your bank ready for the ISO 20022 mandate?
      Banks need to prepare themselves for processing changes that can receive, store and process data in the structure and granularity prescribed by the global ISO 20022 standard.
      • Insights
      67% of businesses receiving payments digitally: Should banks worry?
      The pandemic has exposed the inherent problems with manually intensive AR processes, leaving businesses face cash flow issues. This has spurred the adoption of automating ARs, with 64% of firms shifting away from physical invoices and 67% receiving more payments digitally, according to a recent...
      • Insights
      Are Amazon's fintech partnerships causing pressure on card networks?
      While it is still not clear if Amazon is building a nextgen bank, there is mounting evidence that the company is building ammunition on every facet - payments, lending, insurance and checking accounts. Amazon's recent fintech partnership with Affirm, the BNPL firm has also raised eyebrows. Affirm...
      • Insights
      The B2B opportunity in ACH payments
      B2B volumes are continuing to increase following the pandemic, with more businesses resorting to non-paper-based payments. There were 1.4 billion B2B payments, an increase of 18.7% from the same time in 2020(Source NACHA). While there is speculation about how instant payments will displace ACH,...
      • Insights
      Immediate cross-border payments are becoming a reality
      France’s EBA Clearing, Belgium’s SWIFT, and the U.S.’s The Clearing House (TCH) are working together to launch Immediate Cross-Border Payments (IXB)
      • Insights
      Banks are looking beyond their core providers for innovation
      Open banking is a new precedent to acquire customers and grow the existing customer base for banks. Banks are rethinking existing business models and leveraging third-party collaborations to innovate at speed. Certainly, it is a catalyst for business model innovation to promise ubiquity in...
      • Insights
      Alternative cores: The new breeding ground for innovation
      Erika Bailey (Bank Director) explores how banks are using APIs provided by alternative cores to fast track innovation Years before the Covid-19 crisis pushed the banking industry headfirst into a digital-forward ecosystem, many financial institutions felt stuck in place.
      • Insights
      A2A payments opportunity for banks
      An A2A payment simply moves money directly from the payer’s bank to a merchant or service provider’s bank. A2A transfers powered by instant payments infrastructure is catching up in use case in the space of C2B payments, especially e-commerce.
      • News
      Finzly Named a Finovate Awards Finalist in Two Categories
      Finzly’s BankOS and Payment Galaxy™ recognized for providing financial institutions greater freedom to innovate and modernize
      ❮
      1 2 3 4