Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital banking, has been awarded “Best Enterprise Payments Solution” for Payment Galaxy (Finzly’s payment hub) at the 2020 Finovate Awards. Additionally, Finzly was also named “Best of Show” during the FinovateFall digital conference.
Finzly’s recently enhanced payment hub was selected as the top enterprise payments solution in the second annual Finovate awards, recognized for centralizing the operation of multiple payment networks to enable financial institutions to deliver an enhanced user experience for their valuable customers.
“Now in its second year, the Finovate Awards serve to highlight strong work done by the companies who are driving fintech innovation forward and the individuals who are bringing new ideas to life,” said Greg Palmer, VP, Finovate. “We had a record number of nominations this year, and Finzly’s innovative approach to streamlining payment automation by freeing financial institutions from the manual processing of payments and reconciliation stood out, and our expert judges agreed on Payment Galaxy as the ‘Best Enterprise Payments Solution.’”
Payment Galaxy is an interoperable payment hub that leverages open APIs in the cloud, giving financial institutions the opportunity to transform legacy payment infrastructure and operations with modern, centralized payment processing, monitoring, reporting and compliance capabilities. With enhanced capabilities including ACH processing, open APIs, ACH files, payment processing for-benefit-of (FBO) accounts, as well as more features in Fedwire and real-time payments (RTP), the payment services hub alleviates the burden of managing multiple systems and vendors while simplifying payment network connections by efficiently connecting multiple payment networks through intelligent payment routing, open payment APIs and a single user interface.
Finzly was also named “Best of Show,” which was determined by popular vote. Attendees voted for their five favorite companies based on the demo quality and potential impact of the innovation demoed.
“We are honored to be recognized by Finovate as the best enterprise payments solution on the market and proud of the cutting-edge technology that our team is bringing to the industry to help FIs bridge the gap to innovation,” said Booshan Rengachari, founder and CEO, Finzly. “Even better, we are honored to be named “Best of Show” by our peers in the industry for BankOS, further validating our hard work and dedication to bringing innovative solutions to the industry.”