Instant payment integration into ERP at $32B regional bank

B2B instant payment innovative use case

Objectives

Bridge the gap created by the bank's Fiserv core and business banking solution, which lacked readiness for real-time payments
Integrate instant payment capabilities into corporate customers’ ERP systems to power seamless B2B payment workflows
Partner with a modern vendor to enable instant payments via RTP and FedNow, ensuring scalability and innovation for future payment needs
Be able to provide niche services to industry verticals using instant payments

The bank implemented Finzly’s Open Galaxy API and Payment Galaxy, a unified payment hub that supports real-time payment processing across multiple rails
Open Galaxy APIs enabled seamless integration with existing corporate ERPs, facilitating automated payment initiation and reconciliation
Payment Galaxy’s smart routing dynamically selected the optimal payment rail — RTP or FedNow — for each transaction, maximizing efficiency and reliability
The solution offered a modular, API-first approach, ensuring flexibility for the bank to adapt and scale its payment offerings as client needs evolved

Zero payment failures: Smart routing ensured payments were processed flawlessly by selecting the appropriate rail (RTP or FedNow) based on recipient FI participation
Revenue growth: The bank unlocked new revenue opportunities by tailoring instant payment solutions for niche verticals like healthcare and logistics
Operational efficiency: Automated routing and seamless ERP integration reduced manual intervention and processing costs
Enhanced competitive edge: The bank positioned itself as a leader in real-time payments, attracting high-value corporate clients