Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and account opening, has been named a finalist in the 2022 PayTech Awards in two categories.
- Best Paytech Partnership
- Best Cross Border Payments Solution
Finzly's partnership with Lead Bank enables the bank to embark on providing Banking as a Service to niche players in the payment processing. It has been chosen as the finalist for the "Best Paytech Partnership" as it is built on meaningful ethos-based financial inclusion in the connected economy. The partnership has helped the bank to improve its digital capability, allowing it to provide modern payment processing using Finzly's cloud-based payment platform to fintechs who seek to provide a simple, real-time and connected payment experience to their customers.
Finzly has also been featured as a finalist for “Best Cross Border Payments Solution” for FX STAR. Designed to address all the pain points that banks and their customers face with international payments, the product is simple, elegant, powerful and highly customizable, with complete compliance and audit controls, delivering big bank performance at a competitive cost. With a comprehensive solution, banks also have the freedom to choose the FX model that fits their internal dynamics.
This recognition is a true validation of our customer focus and the world-class banking products we build at Finzly. We pride ourselves on delivering simple, elegant and future-proof banking solutions. Being recognized as a finalist in two categories is a clear sign that we are on the correct path to creating a very special customer-centric company that provides value through exceptional products and service. Simplifying payments, especially cross-border payments, is no easy feat and our FX Star product does just that! It has withstood the turbulence in the market and helped our banking clients to prevent the exodus of commercial and high-net-worth customers, while helping to generate revenue from international payments. Looking forward to the final results!
BOOSHAN RENGACHARI, FOUNDER AND CEO, FINZLY
Now in their fifth year, the PayTech Awards recognise excellence and innovation in the use of IT in the finance and payments industry worldwide.
Finzly provides the financial infrastructure for Banks, Fintechs, and Businesses to offer and access financial services in an open, connected, real-time, and embedded ecosystem. Finzly’s operating system for banks acts as a parallel core platform and is modern, cloud-based, real-time, and API enabled. With an array of readymade banking solutions including a multi-rail payment hub (ACH, Fedwire, RTP, FedNow, and SWIFT), foreign exchange, Digital Account Opening, KYC, Risk, Compliance, and a suite of customer experience components, Finzly allows the building of programmable banks, also offering a platform to launch Banking as a Service to fintech partners.