EverBank partners with Finzly to revolutionise payment processing

EverBank and Finzly have forged a strategic partnership aimed at transforming the bank’s payment processing system.

This collaboration is driven by EverBank’s goal to modernise its payment infrastructure to meet the evolving demands of the market, according to FF News.

Through the partnership, it aims to centralise its payment systems onto a unified platform, thereby streamlining operations and reducing dependence on manual processes.

This transition is anticipated to empower EverBank to process a large volume of payments to investment firms with greater automation, scalability, and control, ultimately enhancing the overall client experience.

Finzly, renowned for its innovative payment and financial solutions, will leverage its Payments Galaxy platform to revolutionise EverBank’s payment operations.

EverBank’s Executive Vice President, Chief Operating Officer Lindsay Lawrence, stated, “As we looked for a new payments operations partner, we were impressed with Finzly’s technology and expertise. We look forward to working closely with the Finzly team to roll out the platform with the goal of creating enhanced performance for our clients and counterparties. We chose Finzly based on a few key factors: the platform provides features that support foreign exchange (FX) and foreign currency payment processing, it converts USD to FX, it delivers appropriate disclosures and receipts for customer payments, and interfaces with other technology for trades and settlement.”

Booshan Rengachari, founder and CEO of Finzly, added, “We are thrilled to join with EverBank and support their journey towards modernising payments operations. Our innovative solutions are designed to empower financial institutions like EverBank with the tools they need to thrive in today’s dynamic banking landscape. By consolidating their payment rails onto our platform, EverBank will unlock new levels of efficiency, scalability, and compliance, ultimately delivering enhanced value to their clients.”

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