VIP enables Finzly to integrate with Jack Henry Silverlake. Using this integration, banks can expedite their entry to the market by leveraging modern products such as instant payments, FX, and payment hub on a futureproof platform.
CHARLOTTE, N.C., June 6, 2023 /PRNewswire-PRWeb/ -- Finzly, a pioneer in banking and payments technology and a trusted Third Party Service Provider of ACH, Fedwire, RTP® and FedNow, announced today that it has joined the Jack Henry™ Vendor Integration Program (VIP). Participation in the program will provide Finzly with access to Jack Henry's technical resources to enable FinzlyOS platform to integrate with Jack Henry's Silverlake core. The Vendor Integration Program is designed to help ensure that Jack Henry's customers can easily deploy third-party products.
FinzlyOS integrates with Jack Henry's Silverlake core via jXchange™, a services-based programming interface that enables third-party vendors and banks to access the platform's core data and business rules. The integrity of data is maintained throughout any data exchange, because access to business rules and data is managed through a service layer which governs these interactions.
FinzlyOS serves as a parallel payment core for banks that want to modernize their ACH, domestic and international wires, or incorporate instant payments through FedNow and RTP, without disrupting their core. This modern, cloud-based platform offers real-time capabilities and direct connections to the Fed and TCH, accelerating the implementation process and improving efficiency by processing payments through a centralized payment hub with one API access to all payment rails. By integrating Finzly's payment experience into their digital banking channels, banks can provide a seamless, rail-agnostic payment experience.
"With Finzly's pre-integrations to Jack Henry's Silverlake core, banks can expedite their entry to the market by leveraging modern products such as instant payments, Foreign Exchange(FX), and payment hub on a futureproof platform," emphasized Aarthie Ramachandran, Chief Operating Officer of Finzly, highlighting the significant advantage of quick and seamless adoption enabled by their solution.
"Working with the Jack Henry team was a pleasure, and integrating their APIs was a smooth process. We're thrilled to be part of their ecosystem and offer our integrated product to banks that use the Silverlake core," commented Ashok Jothikrishnan, Director of Platform Integrations at Finzly.
Jack Henry's VIP takes the customer out of the middle, providing vendors with direct access to Jack Henry's technical resources and test systems. VIP inclusion is not an endorsement of the vendor's product.
About Jack Henry™
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are a S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 45 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 8,000 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at http://www.jackhenry.com.
About Finzly
Finzly empowers the banks of the future, along with fintechs and businesses, to seamlessly offer and access financial services in an open, connected, embedded and real-time ecosystem. At the core of this infrastructure is FinzlyOS, a modern, cloud-based, API-enabled operating system that serves as a parallel platform to a bank's core. With a wide range of turnkey banking solutions, including a multi-rail payment hub, foreign exchange, trade finance, compliance, and treasury experience components, Finzly enables the creation of programmable banks while also providing a Banking as a Service platform to fintech partners and corporate customers via a single API connection to all payment networks. In a recent milestone, Finzly announced the world's first API to access the FedNow service, solidifying its position as a pioneer in the banking technology space. Learn more about Finzly's game-changing solutions by visiting http://www.finzly.com
Media Contact
Suja Ramakrishnan, Finzly, 8037663927, [email protected]
SOURCE Finzly
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