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PayTech Awards USA

PayTech Awards USA 2023 FINALIST: Finzly

Finzly has been selected as a finalist in the Best Real-Time Payments Solution in the PayTech Awards USA 2023.

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 FinzlyOS, 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 breakthrough, Finzly unveiled the world's first API for accessing the FedNow service and was one of the first to go live on the platform, solidifying its position as a leader in payments technology.

“We're both humbled and thrilled by this accomplishment. Finzly has made remarkable strides in our commitment to simplifying payments and making finance more accessible. This achievement isn't the end; it's a significant milestone on our journey. We sincerely thank #paytechawards for acknowledging our efforts,” commented Booshan Rengachari, founder and CEO, Finzly.

Best Real-Time Payments Solution

Finzly’s game-changing instant payment solution for RTP and FedNow is specifically designed to be truly real-time, rather than being a patchwork addition to batch-based systems.

Running on a parallel payment core that can be launched in less than 7 minutes on a scalable cloud platform, Finzly's instant payment solution empowers banks to seamlessly launch FedNow and RTP and seize new revenue opportunities through fintech partnerships and provision of a rail-agnostic payment experience to their customers. Finzly has already become the preferred solution not only for banks but also for numerous platforms across different verticals and fintechs that have smoothly integrated into Finzly's sandbox using Finzly Connect APIs. Finzly introduced the world's first API to the FedNow service, enabling collaborative innovation, facilitating the development of cutting-edge use cases on a fundamentally real-time platform. What’s more, banks employing Finzly's real-time payment solution can present a singular API that interfaces seamlessly with all payment networks, exemplifying the pinnacle of collaborative potential within the ecosystem.