Regional bank achieves 180% CAGR with Finzly’s FX, expands to instant payments

$50B regional bank centralizes payments, FX, trade finance with Finzly

 

Objectives

• Needed a modern, scalable platform to manage FX transactions and address market risk
• Required enhanced customer experience and operational efficiency
• Sought to eliminate manual intervention and trading processes
• Wanted to offer instant payments, but their Fiserv core couldn’t support the demands of real-time payment processing

Solution

• Launched Finzly’s cloud-based, state-of-the-art foreign exchange platform, FX STAR, in just three months. The platform autonomously managed market risk, eliminating the need for manual intervention or traders
• Integrated with Finzly’s payment platform, Payment Galaxy, to enable instant payments through FedNow and RTP, bypassing the limitations of their Fiserv core

Outcome

• Centralized Trade Finance, FX, and Payments under one platform
• Attracted more business customers by providing a seamless transaction banking experience
• Positioned for future growth with Finzly’s advanced, scalable infrastructure supporting both FX and payments.