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.
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    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...
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    Want to be a hidden challenger and accelerate fintech partnerships?
    Banks, with their operational infrastructure and regulatory antecedence, are expected to form the backbone of the emerging financial world and become the power behind fintechs.
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    Finzly Accelerates Lead Bank-PointChain Fintech Partnership
    Finzly's Banking as a Service solution enables Lead Bank to provide payments processing services to cater to the complex needs of fintech partners, making connected banking a reality.
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    What is the right Banking as a Service Model?
    The Banking as a Service market in the US is taking off. Banks, however, commit the classic blunder of adding another new layer on top of an already patchwork legacy technology platform. Banks are bringing in innovation through middleware on top of the legacy core.
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    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.
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    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...
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    3 steps for a successful payment modernization
    This 3-step approach to modernization enables banks to play a strategic and cooperative role in the co-creation of value to the end customers.
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    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,...
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    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...
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    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.
    • Insights
    Real-time payments adoption: As easy as pie
    Banks, irrespective of their size, are adopting instant payments through easy schemes provided by the Fed and TCH. The time is ripe and the market is marching towards maturity. There is no doubt that banks that act now will be able to get a clear head start.
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    Finzly’s FX STAR has helped the bank achieve a compound annual growth rate of 180%
    Finzly helps regional bank deliver new international business services
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      • Insights
      Top 5 questions answered about Banking as a Service
      Banking as a Service(BaaS) is the catchphrase buzzing around. While it is the most commonly discussed term at present, it is also the most confounded term. Here are top 5 questions that can clear some obscurity around this term.
      • 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
      Want to be a hidden challenger and accelerate fintech partnerships?
      Banks, with their operational infrastructure and regulatory antecedence, are expected to form the backbone of the emerging financial world and become the power behind fintechs.
      • News
      Finzly Accelerates Lead Bank-PointChain Fintech Partnership
      Finzly's Banking as a Service solution enables Lead Bank to provide payments processing services to cater to the complex needs of fintech partners, making connected banking a reality.
      • Insights
      What is the right Banking as a Service Model?
      The Banking as a Service market in the US is taking off. Banks, however, commit the classic blunder of adding another new layer on top of an already patchwork legacy technology platform. Banks are bringing in innovation through middleware on top of the legacy core.
      • 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
      3 steps for a successful payment modernization
      This 3-step approach to modernization enables banks to play a strategic and cooperative role in the co-creation of value to the end customers.
      • 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.
      • Insights
      Real-time payments adoption: As easy as pie
      Banks, irrespective of their size, are adopting instant payments through easy schemes provided by the Fed and TCH. The time is ripe and the market is marching towards maturity. There is no doubt that banks that act now will be able to get a clear head start.
      • Insights
      Finzly’s FX STAR has helped the bank achieve a compound annual growth rate of 180%
      Finzly helps regional bank deliver new international business services
      ❮ 1 ...
      4 5 6 7 8
      ❯