Monthly Newsletter - Nov 2023

Finzly Closes Series A Funding Round of $10M, led by TZP Growth Equity

Finzly has closed a Series A funding round of $10M with TZP Growth Equity. The funding will be used to accelerate Finzly’s expansion as it continues to meet the growing needs of financial institutions for digital transformation. Finzly was founded in 2012 by Booshan Rengachari, who has built the company as a “bootstrapped” organization that has been profitable throughout its history. Read more

Discover the success of Multicurrency Accounts with Synovus

Multicurrency accounts are transforming the way businesses handle their international finances. Still, the majority of businesses prefer traditional banks for these services. In this live virtual event, you'll hear from Synovus who have successfully negotiated this challenge. Register now

Brian Anderson David Grimaldi Mark Thome

American Banker Webinar: New revenue opportunities for banks: B2B real-time payments

Real-time payments in B2B transactions have many practical applications that offer new revenue opportunities for banks. However, to maximize those opportunities, banks need more clarity regarding which use cases to pursue and the revenue potential of each. In this live webinar event, three payment industry leaders will cover opportunities to integrate instant payments into already-supported use cases. Register now

#realtimepayments Ron Shevlin Erik Van Bramer Booshan Rengachari

Embedded Finance: Should Banks Overthrow Intermediaries and Reclaim Control?

Recent news highlights a developing drama between banking as a service (#BaaS) providers and traditional banks. Much more than compliance issues - accounts and transactions just don’t add up correctly, both for the banks and the fintechs, leading to a bidirectional reconciliation failure.?Interested to know what’s behind this reconciliation mishap? Read more

We've created an essential toolkit based on our analysis of leading U.S. banks that excel in serving their corporate clients. These institutions have developed a comprehensive range of services supported by a robust payment infrastructure, drawing inspiration from both fintech innovations and their banking expertise. Discover the blueprint for success in commercial and corporate banking at these leading banks and identify the common themes that run across these successful toolkits. Download now

Understanding 'Pay by Bank' in the realm of Open Banking

As #openbanking continues to evolve worldwide, alternative payment methods, especially the "Pay by Bank" concept, are becoming central to the landscape. These payment options are swiftly finding their way into diverse sectors, spanning open finance, open energy, open education, open health, open travel, and virtually every facet of both business and consumer life. Read more

CFPB Open Banking Rule: What Banks Should Know

The future of financial collaboration lies in open banking. The proposed CFPB 1033 rule presents banks with a wealth of opportunities using APIs. Banks in various global regions have already taken steps to align with the open banking trend, and they are currently capitalizing on these opportunities by monetizing their services through APIs. Read more