Connect with us

Technology

Finzly Launches FedNow Service through Finzly BankOS Platform in AWS Marketplace

Published

on

The modern banking platform eliminates the need for complex connection builds and maintenance, allowing financial institutions to connect to FedNow in an accelerated manner.

CHARLOTTE, N.C., Oct. 22, 2024 /PRNewswire-PRWeb/ — Finzly, an early participant in the FedNow™ pilot and a leading service provider for financial institutions (FIs) to send and receive payments on the FedNow network, announced today that its instant payment service is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).

“By partnering with Finzly to deliver FedNow and RTP instant payments solutions, we can provide our customers with more options beyond traditional payments methods, enabling them to move money at the speed they need, when they need it,” said Aaron Wiatrek, Senior Vice President at Frost Bank.

Powered by AWS, the Finzly BankOS platform integrates the FedNow service seamlessly with FIs’ core and digital banking systems. Finzly’s Digital Galaxy enhances this offering by providing a comprehensive digital banking experience, enabling businesses and consumers to send, receive, and request instant payments.

Finzly’s modern payment hub on the BankOS platform enables financial institutions to connect effortlessly to traditional rails like Automated Clearing House (ACH) and Fedwire, as well as modern networks such as FedNow and Real Time Payments (RTP), all with just a few clicks and independent of their core systems.

A recent US Faster Payments Council survey found that nearly 75% of financial institutions see legacy systems as a barrier to using FedNow. Finzly’s BankOS platform addresses this with Application Programming Interface (API)-driven solutions for quick FedNow deployment, removing the need for complex builds and making instant payments more accessible.

“Adding Finzly’s instant payments solution to the AWS Marketplace is a significant step forward. For financial institutions that are ready to offer instant payments to their customers scalability, real-time processing, and the ability to easily send and receive payments across networks are critical for keeping up with increasing customer demands and regulatory standards,” remarked Reed Luhtanen, Executive Director of the U.S. Faster Payments Council (FPC).

Booshan Rengachari, founder and CEO of Finzly said, “We are excited that our BankOS solution powered by AWS is now available in AWS Marketplace helping eliminate technology barriers to FedNow adoption for even more financial institutions. Our AWS-powered platform enables financial institutions to transform into digital enterprises by optimizing speed, quality, and security for the demands of a real-time environment.”

Frost Bank recently selected Finzly’s BankOS to modernize its payment operations. “At Frost, we work hard to make our customers’ lives easier and better,” said Aaron Wiatrek, a senior vice president at Frost Bank. “By partnering with Finzly to deliver FedNow and RTP instant payments solutions, we can provide our customers with more options beyond traditional payments methods, enabling them to move money at the speed they need, when they need it.”

Finzly’s BankOS Platform Key Benefits:

Rapid FedNow Launch: Connect to FedNow in just a few clicks via our AWS-powered, scalable platform, available 24/7/365.

Versatile Instant Payment Services: Allow a wide range of use cases, including account transfers, bill payments, and mortgage payments.

Extensive Network Access: Tap into FedNow’s network of over 1,000 participating financial institutions and connect with businesses on the AWS Marketplace.

Revenue-Boosting Embedded Banking: Utilize our API catalog to enhance real-time payment revenue opportunities.

AWS customers can access Finzly’s BankOS platform directly within AWS Marketplace, taking advantage of streamlined procurement, consolidated billing, and customized pricing terms, while also retiring their Enterprise Discount Program (EDP) commitment when applicable. Finzly will offer private subscriptions for enterprises seeking tailored commercial solutions, allowing customers to work directly with Finzly while benefiting from centralized invoicing through AWS.

Financial institutions can leverage the AWS Finzly Real Time Payments Workshop Studio to expedite their FedNow adoption, and if interested in accelerating the modernization of ACH, Fedwire, RTP and Swift rails are encouraged to get started by expressing their interest here.

About Finzly:
Finzly helps banks and credit unions thrive in a real-time, connected world with its Finzly BankOS platform. Institutions can quickly launch instant payments on FedNow and RTP, modernize ACH and wire transfers, and orchestrate payments through a unified API and ISO 20022-native payment hub. Finzly, recognized with multiple awards, also offers advanced FX solutions to help banks attract corporate and enterprise treasury customers.

Media Contact

Cognito Media, Finzly, 9176608527, finzly@cognitomedia.com, https://finzly.com

View original content to download multimedia:https://www.prweb.com/releases/finzly-launches-fednow-service-through-finzly-bankos-platform-in-aws-marketplace-302282638.html

SOURCE Finzly

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Intelligent Audit Featured on the Cover of Logistics Tech Outlook as a Top Freight Audit and Payment Solutions Provider

Published

on

By

NEW YORK, Oct. 22, 2024 /PRNewswire/ — Intelligent Audit (IA), a global leader in transportation spend management, has been featured as one of the “Top Freight Audit and Payment Solutions Providers” in Logistics Tech Outlook magazine. This cover story highlights IA’s advanced solutions that help businesses optimize their shipping operations, reduce costs, and improve logistics efficiency.

Our deep learning models not only detect shipping issues and identify the root cause, but also stop the bleeding.

The article, “Navigate Logistics Uncertainty with Smarter Shipments”, showcases how IA’s technology tackles key industry challenges by leveraging real-time anomaly detection, AI-powered tools, and comprehensive business intelligence. IA’s innovative freight auditing system identifies inefficiencies, helps companies prevent costly errors, and ensures smooth shipping operations.

A Leader in Freight Audit and Payment Solutions

Since its founding in 1996, IA has been at the forefront in data-driven analytics for freight auditing and payment solutions. Today, IA leads the way in integrating AI into their platform, enhancing support and delivering even greater value to their customers. The article highlights a case where IA’s anomaly detection tool helped a global retailer avoid a significant financial error due to a simple data entry mistake, proving the practical impact of IA’s technology.

IA’s platform consolidates data from multiple transportation modes—parcel, LTL, ocean, and air freight—into a single source for analysis. Through AI, IA enables businesses to detect inefficiencies, mitigate risks, and improve decision-making across their supply chain.

AI-Powered Solutions for the Future of Logistics

IA is also pioneering the use of generative AI (GenAI) to automate manual tasks like invoice processing and email responses, reducing operational burdens and improving accuracy, particularly in regions where electronic data interchange (EDI) is not fully adopted. This innovative approach further enhances IA’s ability to deliver value to its clients.

The company’s self-service tools for network and parcel modeling allow customers to evaluate key logistics decisions, such as optimizing shipping routes, adjusting carrier usage, and managing distribution networks—helping businesses streamline operations and reduce costs.

Industry Recognition by Logistics Tech Outlook

Being named one of the top providers by Logistics Tech Outlook reflects IA’s leadership in the freight audit and payment space. This recognition underscores IA’s commitment to innovation and its role in helping clients stay ahead in a rapidly changing logistics landscape.

“We are proud to be featured as a top provider in Logistics Tech Outlook,” said Hannah Testani, CEO of Intelligent Audit. “Our goal is to continually evolve our solutions to help businesses optimize their supply chains and reduce costs.”

Read the Full Article and Learn More

To read the full feature and explore how Intelligent Audit is revolutionizing logistics management, visit Logistics Tech Outlook (https://www.logisticstechoutlook.com/intelligent-audit).

For more information about Intelligent Audit, visit our website (https://www.intelligentaudit.com/).

About Intelligent Audit

Choosing Intelligent Audit means accessing a unique blend of technology-driven services designed for today’s challenging supply chain environment. Since 1996, their expertise in freight audit, recovery, business intelligence, and secure payment processing has empowered businesses to make informed, data-driven decisions. Their approach not only offers clarity in a volatile market but also provides actionable insights through the normalization and cleansing of data across carriers, modes, and regions. With Intelligent Audit, businesses benefit from cost-saving strategies, enhanced decision-making, and reduced operational anxiety, positioning them for strategic success in uncertain times. Intelligent Audit is WBENC certified as a tier 1 diversity spend supplier and recognized as a Logistics Disruptor by McKinsey and Co, and Hannah Testani, CEO, is an EY Entrepreneur of the Year Winner for NJ. Intelligent Audit partners with some of the largest Fortune 10 companies down to mid and small-sized businesses globally to help achieve their strategic goals.

View original content to download multimedia:https://www.prnewswire.com/news-releases/intelligent-audit-featured-on-the-cover-of-logistics-tech-outlook-as-a-top-freight-audit-and-payment-solutions-provider-302283313.html

SOURCE Intelligent Audit

Continue Reading

Technology

Performio Introduces Plan Builder: Revolutionizing Incentive Compensation Management with Unmatched Flexibility and Control

Published

on

By

Performio’s Plan Builder is the most intuitive way to build and manage incentive compensation plans in the industry

IRVINE, Calif., Oct. 22, 2024 /PRNewswire/ — Performio, a leading incentive compensation management (ICM) software provider, unveiled Plan Builder, a groundbreaking capability that transforms compensation plan management. It’s the most advanced, intuitive interface with ultimate reliability to manage compensation plans. With Plan Builder, organizations can manage incentive compensation intuitively and efficiently, saving time and money, while avoiding constant ICM challenges.  

With Plan Builder and its other core capabilities, Performio has solved the age-old challenge in incentive compensation management–overly-rigid applications that cannot adapt to ICM needs, or overly-flexible ones that become impossible to maintain over time. When compensation managers manually build rules and formulas, they need to be updated every time the comp plan changes. This process is not only time-consuming, but incredibly vulnerable to human error.

Plan Builder eliminates this problem by offering compensation plan managers an array of dozens of preconfigured incentive plan components via an intuitive interface. Instead of writing rules and formulas that add complexity over time, Performio users can select from these out-of-the-box components and modify them to fit their own plans.

Plan Builder offers a true self-management experience. Users can simply configure components using dropdowns and filters through a guided workflow. It encompasses both crediting logic and compensation logic. So, when it’s time to modify plans, there is no need to comb through a long list of confusing logic. With Plan Builder, users simply modify a component or add a new one. This also alleviates organizations from excessive professional service costs and fixes. Essentially, Performio handles the formulas and logic in the background for users enabling scalability, efficiency, and accuracy.

“At Performio, we are committed to delivering value over the long run,’ said Grayson Morris, CEO of Performio. ‘Plan Builder is born from our deep understanding of the pain of incentive compensation management and the shortcomings of other rule or formula-based solutions. There’s always been a gap in ICM when it comes to plan management. Many incentive compensation professionals are frustrated when it comes to changing or modifying compensation plans because their system is simply too rigid or too flexible, inhibiting their ability to adapt to change. We have an ongoing joke at Performio, that we’re everyone’s favorite second ICM, whether their first ICM tool is spreadsheets or one of our competitors, Performio is the last ICM they’ll ever need.”

To discover how Performio’s Plan Builder can empower your organization to manage incentive compensation more effectively visit our website or contact us for a demo today.

About Performio

Performio is the last Incentive Compensation Management (ICM) software you’ll ever need. It allows you to manage incentive compensation complexity and change over the long run by combining a structured plan builder and flexible data management, with a partner who will make you a customer for life. Performio’s product is used by large global enterprises and growing mid-market companies across multiple industries worldwide such as Abbott Laboratories, Vodafone, Draeger, Johnson & Johnson, Nexstar, Optus, Toll Brothers, Wedbush Securities, and WP Engine. Performio’s feature-rich cloud application enables enterprises to automate their sales compensation calculations, provide increased transparency to their sales reps, and adapt to changing market conditions with confidence. For more information, visit www.performio.co.

View original content to download multimedia:https://www.prnewswire.com/news-releases/performio-introduces-plan-builder-revolutionizing-incentive-compensation-management-with-unmatched-flexibility-and-control-302281471.html

SOURCE Performio

Continue Reading

Technology

Verdek Secures Contract with the State of California to supply Level 2 and DC Fast Chargers

Published

on

By

MONROE, Conn., Oct. 22, 2024 /PRNewswire/ — Verdek, a leading provider of Electric Vehicle Charging Solutions, proudly announces that it has secured a 3-year contract with the State of California. This landmark achievement underscores Verdek’s commitment to advancing sustainable transportation and reinforces its position as a trailblazer in the EV infrastructure industry.

Under this mandatory California Contract 1-23-61-15B, Verdek will supply the latest ChargePoint chargers, CP6000 and Express Plus, covering a vast range of charging from 9KW to 500KW to the State of California departments and local government agencies. This contract will support California’s ambitious goals of reducing greenhouse gas emissions through the conversion of its fleet from Internal Combustion Engine (ICE) vehicles to EVs.

“We are honored to have been selected for this pivotal project,” said Guy Mannino, CEO of Verdek. “This contract not only highlights Verdek’s industry leadership and technical capabilities, but also aligns perfectly with our mission to accelerate the adoption of clean energy solutions. We are excited to contribute to California’s vision of a sustainable future.”

About Verdek

With over a decade of experience in delivering state-of-the-art EV Charging Solutions, Verdek has established itself as a trusted partner for businesses, municipalities, and government entities nationwide. Verdek’s expertise in integrating cutting-edge technology with user-centric design has consistently set new standards in the industry. A notable example of Verdek’s expertise is eBus charging in New York City. Verdek is a premier provider of Electric Vehicle Charging Solutions, committed to fostering the growth of sustainable transportation. With a comprehensive range of products and services, Verdek delivers innovative, reliable, and user-friendly charging solutions to meet the diverse needs of customers across North America.

For more information, please contact us at info@verdek.com or (888) 336-3734.

Visit us at www.verdek.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/verdek-secures-contract-with-the-state-of-california-to-supply-level-2-and-dc-fast-chargers-302283068.html

SOURCE Verdek LLC

Continue Reading

Trending