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PayTech Awards USA
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PayTech Awards USA 2023 FINALIST: Finzly

Finzly has been selected as a finalist in the Tech of the Future 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.

Tech of the Future

Finzly's Payment Galaxy is an architectural masterpiece, embodying the epitome of an exceptional payment hub – the architectural vision of many research firms. In contrast to fragmented alternatives, it fulfills the vital need for an authentic payment hub that effortlessly integrates with all channels, generating payment messages according to instructions, providing validation, compliance and orchestration, with clearing and settlement, while integrating with 3rd systems like AML, OFAC, GL, and core systems.

Finzly’s Payment Hub – Payment Galaxy, is a payment services hub that transforms FIs’ legacy payment infrastructure and operations with modern, centralized payment processing, settlement, clearing, monitoring, reporting and compliance capabilities.  

Streamlining redundant and ineffective payment infrastructure with Payment Galaxy enables financial institutions to bolster their profitability by substantially cutting payment operational expenses and enhancing straight-through processing, all while delivering a unified API and a unified user experience for payments.