Finzly Named Finalists in Four Categories of PayTech Awards

Finzly's remarkable contribution to the payment industry in the US has been recognized by selecting us as finalists in four distinct categories.

Charlotte, North Carolina, July 27th 2023: 

The PayTech Awards are prestigious awards that recognize outstanding contributions in the rapidly expanding payments landscape in the United States. These awards celebrate excellence and innovation in technology within the PayTech space, serving as the ultimate stamp of approval for companies operating in this industry.

A panel of independent industry experts evaluates the nominees, and the awards are declared in diverse categories. Finzly's remarkable contribution to the payment industry in the US has been recognized by selecting us as finalists in four distinct categories.

1. Finzly's Instant Payment Solution for RTP and FedNow has been nominated for the "Best real-time payments solution" award. With instant payments gaining popularity through two rails in the US, it's crucial for banks to have a payment infrastructure that aligns with the advanced technology offered by The Clearing House and The Federal Reserve through their RTP and FedNow schemes. Finzly's rail-agnostic, ISO20022-native instant payment solution caters to both networks and intelligently routes transactions, ensuring optimal efficiency for banks to capitalize on the potential of instant payments.
2. In the "Best payment solution for banks" category, Finzly's Cash OS has made it. Cash OS is our Super App that empowers banks to deliver a world-class treasury experience tailored to the specific needs of their business customers. Designed with the customer at its core, Cash OS addresses the limitations of the current banking system and helps to foster strong relationships with business customers.
3. Finzly Payment Galaxy, our payment hub, has been nominated for the "Tech of the future" award. This innovative product provides comprehensive processing functionality for the entire transaction lifecycle. Leveraging microservices based workflows, Payment Galaxy enables seamless implementation across diverse rails, allowing banks to adopt a unified API/UX and embark on a modular transformation journey at their own pace.
4. Booshan Rengachari, the founder and CEO of Finzly, has been recognized for "PayTech leadership." Booshan is renowned as a forward-thinking leader who has dedicated himself to establishing an exceptional payments infrastructure in the US. With his commitment to mentorship and steadfast encouragement, he remains a driving force behind advancements and growth in the payments industry.
   

“We are humbled and thrilled about this. Finzly has come a long way in our mission to make payments simple and finance easy. This is not the end but a milestone in our mission. Thank you PayTech awards for the recognition,” commented Booshan Rengachari, founder and CEO, Finzly.

Earlier this year, Finzly announced the world's first API to access the FedNow service. Notably, we were also among the first to obtain certification and go live on the FedNow network, firmly establishing ourselves as pioneers in the payments industry. This recognition truly validates our efforts!

About Finzly
Finzly empowers the banks of the future, along with fintechs and businesses, to seamlessly offer and access financial services in an open, connected, embedded and real-time ecosystem. At the core of this infrastructure is Finzly OS, a modern, cloud-based, API-enabled operating system that serves as a parallel platform to a bank's core. With a wide range of turnkey banking solutions, including a multi-rail payment hub, foreign exchange, trade finance, compliance, and treasury experience components, Finzly enables the creation of programmable banks while also providing a Banking as a Service platform to fintech partners and corporate customers via a single API connection to all payment networks. In a recent milestone, Finzly announced the world's first API to access the FedNow service, solidifying its position as a pioneer in the banking technology space. Learn more about Finzly's game-changing solutions by visiting http://www.finzly.com.