Pacific Western Bank selects Finzly to power foreign exchange initiatives

Friday 11 June 2021 12:12 CET | News

Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, has announced that Pacific Western Bank went live with Finzly’s FX STAR platform, an end-to-end solution for managing international banking products. 

With FX STAR, Pacific Western Bank equips its customers with a platform to manage their global banking needs and foreign currency exposure. The bank’s customers can easily access the industry-leading FX STAR web portal to execute foreign currency transactions on their schedule, use multi-currency accounts to purchase foreign currencies in bulk and initiate payments when ready, as well as self-administer their internal users, manage permissions and set limits. FX Star’s capabilities eliminate the need to call, email or text a banker.

Within the bank, FX STAR streamlines the pricing, trading, risk management, settlement processing, confirmations, matching, accounting, compliance, reporting and nostro reconciliation. Finzly’s cloud-based FX STAR platform connects with Pacific Western Bank’s core system using plug and play architecture. Finzly’s open architecture leverages configurable workflows, micro-services, distributed computing, faster “in-memory” data grids, “drag and drop” reporting and real-time monitoring. 

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Keywords: fintech, digital banking, FX
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech