Finzly provides a cloud-native operating system that enables banks to centralize and process various payment types, including ACH, FedWire, RTP, SWIFT, and FedNow, through a modular payment hub. This technology allows banks to efficiently integrate with existing systems, reduce operational costs, and enhance customer experiences by offering real-time, seamless payment solutions.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Banks often struggle with disparate payment systems, leading to operational inefficiencies, increased costs, and difficulties in providing seamless customer experiences. Integrating new payment rails and technologies with legacy systems can be complex and time-consuming.
Solution
Finzly offers a cloud-native Bank Operating System (BankOS) that centralizes and streamlines payment processing for various payment types, including ACH, FedWire, RTP, SWIFT, and FedNow. The platform's modular design allows banks to integrate with existing infrastructure and rapidly deploy new payment solutions. By consolidating payment operations into a unified hub, Finzly enables banks to reduce operational overhead, improve efficiency, and offer enhanced digital experiences to their customers. The platform provides comprehensive API capabilities for payments, deposits, and FX, facilitating seamless integration with internal and external ecosystems. Finzly's BankOS empowers banks to accelerate product launches, expand revenue streams through embedded banking, and maintain a competitive edge in the evolving financial landscape.
Target Audience
Finzly primarily targets banks and financial institutions seeking to modernize their payment infrastructure, streamline operations, and enhance customer experiences.
Features
- Unified platform for managing multiple payment rails (ACH, FedWire, RTP, FedNow, SWIFT)
- Cloud-native architecture for scalability, resilience, and ease of deployment
- Comprehensive suite of open APIs for payments, deposits, FX, and virtual accounts
- Modular design for flexible integration with existing banking systems
- Real-time payment processing and 24/7 ledger for multi-currency deposits
- Embedded banking capabilities for integrating financial services into third-party applications
- Customizable digital experiences for tellers, consumers, and business customers
- Integrated FX trading and international payments solution