EverBank and Finzly have established a strategic partnership with the aim of revolutionizing the bank’s payment processing system.
Motivated by EverBank’s objective to modernize its payment infrastructure in response to the changing demands of the market, this collaboration seeks to consolidate its payment systems onto a unified platform. By doing so, the partnership intends to streamline operations and decrease reliance on manual processes.
This transition is expected to enable EverBank to efficiently handle a large volume of payments to investment firms, leveraging automation, scalability, and enhanced control to improve the overall client experience.
Finzly, known for its innovative payment and financial solutions, will utilize its Payments Galaxy platform to transform EverBank’s payment operations.
Lindsay Lawrence, EverBank’s Executive Vice President and Chief Operating Officer, expressed confidence in the partnership, stating, “As we sought a new payments operations partner, we were impressed with Finzly’s technology and expertise. We anticipate deploying the platform to enhance performance for our clients and counterparties. We chose Finzly based on several key factors, including its support for foreign exchange (FX) and foreign currency payment processing, USD to FX conversion capabilities, provision of appropriate disclosures and receipts for customer payments, and seamless integration with other technology for trades and settlement.”
Booshan Rengachari, Founder and CEO of Finzly, expressed enthusiasm for the collaboration, saying, “We are excited to collaborate with EverBank and support their journey toward modernizing payments operations. Our innovative solutions empower financial institutions like EverBank with the tools needed to thrive in today’s dynamic banking landscape. By consolidating their payment rails onto our platform, EverBank will unlock new levels of efficiency, scalability, and compliance, ultimately delivering enhanced value to their clients.”
Source: fintech.global
