Finzly unveils coordination with Q2's digital banking infrastructure
Finzly's integration into Q2's Digital Banking Platform offers a simple and efficient solution for financial institutions to provide exceptional payment experiences. This integration enables institutions to offer their account holders seamless, real-time cross-border, domestic, and instant payments directly within Q2’s digital interface.
The Q2 Partner Accelerator, a part of the Q2 Innovation Studio, allows for the pre-integration of technology from partners like Finzly to the Q2 Digital Banking Platform. By using the Q2 Innovation Studio, financial institutions can rapidly deploy standardized integrations from partners, such as Finzly, without complex implementation.
Booshan Rengachari, CEO of Finzly, stated that businesses and consumers expect seamless payment experiences from banks. With this integration, financial institutions can now offer international payments that exceed account holder expectations without a complex overhaul.
The unified payment platform supported by Finzly includes all major payment rails, such as FedNow, RTP, Fedwire, ACH, and SWIFT. This means that institutions can stay competitive and support diverse payment types without switching systems.
The integration also brings real-time visibility and tracking of payments, providing transparency and control to users as they send and receive funds. Additionally, it offers competitive foreign exchange (FX) rates and built-in regulatory compliance and fraud monitoring, ensuring secure and cost-effective international and domestic transactions.
The rail-agnostic, simplified payment experience embedded within the existing digital banking environment allows financial institutions to enhance offerings quickly without complex infrastructure overhauls. This integration can help financial institutions capture new revenue streams, improve customer satisfaction, and meet modern expectations for fast, transparent payments from businesses and consumers alike.
Q2 Holdings, Inc. (NYSE: QTWO) is a provider of digital transformation solutions for banking and lending. The integration of Finzly's payment infrastructure with Q2's Digital Banking Platform significantly enhances payment experiences for financial institutions, making it easier for them to serve their account holders within a single digital platform.
[1] Finzly Press Release: Finzly and Q2 Partner to Deliver Enhanced Payment Experiences for Financial Institutions. (2021). Retrieved from https://finzly.com/press-releases/finzly-and-q2-partner-to-deliver-enhanced-payment-experiences-for-financial-institutions/
[2] Q2 Innovation Studio: Partner Accelerator. (n.d.). Retrieved from https://developer.q2.com/partner-accelerator/
[3] Finzly: Unified Payment Platform. (n.d.). Retrieved from https://finzly.com/solutions/payment-platform/
[4] Q2 Holdings, Inc. (n.d.). Retrieved from https://www.q2.com/
[5] Q2 Innovation Studio: Overview. (n.d.). Retrieved from https://developer.q2.com/innovation-studio/
Read also:
- 1. Key Points for August 14: Gathering in Alaska, Immigration Enforcement (ICE), Financial service Zelle, Infowars, and Air Canada Airline Incidents
- Automobile manufacturer IM Motors reveals an extended-range powertrain akin to installing an internal combustion engine in a Tesla Model Y.
- Conflict Erupts Between Musk and Apple Over Apple Store's Neglect of Grok
- Partnership between MTN South Africa and SANTACO aims to advanced transportation systems and stimulate economic opportunities for the masses in South Africa.
