Texas-based community bank selects Finzly’s unified payment hub to consolidate and future-proof payment infrastructure, enhancing its capabilities in instant payments, Fedwire, and FX
Finzly, a leader in innovative payment and financial solutions, announced that Vantage Bank will modernize and consolidate its payment processing infrastructure using Finzly’s end-to-end payment hub. The implementation will enable Vantage Bank to meet evolving customer demands while strengthening its core payment capabilities through a fully ISO 20022 native platform.
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Vantage Bank, a community bank with a strong focus on innovation and international services, will gain access to instant payments, Fedwire, and FX services via a single unified platform, positioning itself for future expansion with new services and better serving its international client base. By leveraging Finzly’s robust payment APIs, Vantage Bank is also laying the groundwork for entering the rapidly growing embedded finance sector, a market projected to be worth $7 trillion globally by 2030.
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“We’re proud to welcome Vantage to the Finzly family,” said Booshan Rengachari, founder and CEO at Finzly. “By consolidating payment rails and FX on our cutting-edge platform, the Bank is not just simplifying the payment and international banking experience for its customers but also creating operational efficiency for the payment operations team. This simplifies the path ahead, allowing Vantage to plan for the future.”
“Vantage Bank is revolutionizing how we manage payments across all our business lines with this innovative platform,” stated Shawn Main, Chief Business Architect at the Bank. “Not only does it streamline the payment process, but it also unlocks valuable data, enabling us to enhance internal automation and respond swiftly to our customers’ evolving needs, now and in the future.”
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This partnership is the latest example of how Finzly is helping banks and credit unions streamline their payment operations by consolidating payment rails on a single platform. With growth up over 160% from last year, Finzly is meeting the growing demand for modern payment processing solutions that not only simplify operations but also ensure banks are seamlessly prepared for Fedwire’s ISO 20022 deadlines and the future of instant payments.
Source – prnewswire
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