Lead Bank partners with Finzly to offer sophisticated payment services for IT businesses and fintech companies via APIs

Published on December 14, 2021

Finzly's Banking as a Service solution enables Lead Bank to provide payments processing services to cater to the complex needs of fintech partners, making connected banking a reality.

KANSAS CITY, MO. (PRWEB) DECEMBER 14, 2021

Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, has announced that leading technology platform for financial compliance and B2B/B2C transactions, PointChain, is now live with Lead Bank’s Banking as a Service solution powered by Finzly.

PointChain can now bring to market next-generation, innovative consumer and business marketplace solutions enabled by Lead Bank and Finzly’s powerful digital core. PointChain’s platform allows business owners to keep track of accounts and payments. Through its partnership with Lead Bank, PointChain can send payments and debit requests directly to Lead Bank via APIs and get instantaneous responses without utilizing legacy batch files and manual reconciliation.

Lead Bank has focused its efforts on establishing payment processing solutions to support the complex needs of fintech companies. Lead Bank’s partnership with Finzly allows the Bank to offer sophisticated payment services for technology-focused businesses and fintech companies via APIs (Application Programming Interfaces). Because of Finzly, Lead Bank gives fintech companies the ability to access multiple customizable and secure banking services.

Finzly’s digital core and Payment Galaxy, run as a parallel core to the Bank’s legacy platforms, offer an API middleware while also replacing the legacy payment infrastructure at the Bank. Finzly’s digital core offers a real-time multi-asset ledger with FBO (For Benefit Of) and virtual account capabilities to track any assets. Finzly’s Payment Galaxy is a full-service platform with API middleware that processes all payment types (ACH, wires, RTP, FedNow & SWIFT), exceptions, and returns, with direct settlement and clearing connectivity with The Federal Reserve, The Clearing House, and SWIFT payment networks.

“Lead Bank continues to invest in technology and to offer best-in-class business payment solutions. Finzly enables Lead Bank to provide payments processing services to a wider audience of clients and lays the foundation for Real-Time Payments (RTP) and FedNowSM services in the future. We are excited to debut this cutting-edge API origination solution with PointChain,” says Peter McVey, Director of Payments, Lead Bank.

 

Read the full press release here

Courtesy of Cision PR web

 

Other news

BRAC Bank crowned as best in corporate governance

December 12, 2021
Commerce Minister Tipu Munshi MP formally handed over the award at Radisson Blu Water Garden Hotel in Dhaka on Sunday (12 December)The Institute of Chartered Secretaries of Bangladesh (ICSB) has conferred Gold Award to BRAC Bank at the 8th ICSB National Award for Corporate Governance Excellence in the general banking category.Commerce Minister Tipu Munshi MP formally handed over the award to BRAC

Banca Ética Latinoamericana requests banking license before Chilean regulator

December 22, 2021
The Diario Financiero highlights on its front page on the 22nd of December the request made by Banca Ética Latinoamericana to the Commission for the Financial Market (CMF) for the license that allows it to operate as a regulated bank in the Chilean market. The publication highlights important aspects of the banking project, such as the business plan, the conformation of the corporate governance an