CHARLOTTE, N.C., Dec. 2, 2020 /PRNewswire-PRWeb/ -- Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital account opening, has again been awarded "Best of Show" for the company's low-code, adaptable workflow engine, Finzly Flow, and its contactless digital account opening (DAO) solution at the FinovateWest 2020 digital conference. Following their recognition as "Best Enterprise Payments Solution" and "Best of Show" at FinovateFall, these recognitions further validate Finzly's modern offerings that empower financial institutions to innovate at speed and go to market faster.
During the conference, Finzly debuted its low-code workflow engine, Finzly Flow, and its ability to power the DAO solution. Finzly Flow enables FIs to create engaging user experiences that evolve with changing customer and regulatory needs. FIs often rely on software developers and core providers to update the products and services they need, which can lead to long implementations timelines and limited development options. However, Finzly Flow allows FI workflows to be adapted and optimized to best serve customers, including any interactions where institutions and their customers need to exchange information. FIs can also access other Finzly apps and easily integrate third parties of choice, creating solutions that not only support the opening of accounts, but ensure accounts are valuable to FIs and their customers. With Finzly Flow, FIs can subscribe, try and launch the products and services they choose to offer to their customers in the onboarding process.
"Being recognized as 'Best of Show' by the Finovate audience is a highly coveted title awarded to companies delivering exciting and innovative fintech solutions," said Greg Palmer, VP, Finovate. "We had a number of award-worthy demos this year, but Finzly stood out as a conference favorite for its DAO solution, Finzly Flow, and its ability to advance the ways and the speed at which FIs innovate by extending their development options."
Finzly also showcased its contactless digital account opening (DAO) solution within BankOS. With DAO, community FIs can deliver convenient, modern banking experiences to account holders while eliminating manual processing and driving operational savings. The DAO solution provides a seamless customer experience, reducing abandonment rates among new account applications and equipping FIs with greater flexibility and faster integration. Using core agnostic open APIs, Finzly ensures that FIs have access to the best, most up-to-date offerings in place to combat the latest fraud threats while establishing profitable relationships with their consumer and business customers.
"Our team was pleased to return to the Finovate stage and share our two new solutions that work with BankOS," said Terry Howell, CTO, Finzly. "Finzly Flow and the DAO solution enables banks and credit unions to innovate faster, without core limitations, while leveraging Finzly APIs and pre-integrated partners, as well as Finzly's natively developed apps. It's an honor to take part in a conference like Finovate that creates visibility for new solutions, and even more so to bring home our second 'Best of Show' recognition this year."
The title of "Best of Show" is determined by popular vote. At the end of the show, attendees are invited to vote for their five favorite companies based on the demo quality and potential impact of the innovation demoed.
Finzly connects financial institutions with customers through a modern digital experience and an efficient, real-time payment services hub. Freeing financial institutions from core system limitations, Finzly's open, cloud-based bank operating system, BankOS, enables transformation and innovation at the speed of fintech. With freedom to adopt solutions from Finzly and third parties of choice, financial institutions can implement apps in three simple steps – subscribe, try and launch. Serving customers across North America, Finzly has been modernizing international banking and treasury management solutions since 2012. For more information, visit http://www.finzly.com.
Augusta Bauknight, William Mills Agency, 678-781-7214, [email protected]
Brian Anderson, Finzly, 917-705-2183, [email protected]