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US fintech Finzly announces updates to Payment Galaxy payments hub

Tuesday 15 September 2020 10:40 CET | News

US-based provider of banking applications for FX and trade finance Finzly has released its latest developments for payment hub Payment Galaxy.

Payment Galaxy an interoperable payment hub that leverages open APIs in the cloud to centralise consumer and business payment processing, monitoring, reporting and compliance. The updates include enhanced capabilities in ACH processing, open APIs, ACH files, payment processing for-benefit-of (FBO) accounts, as well as more features in Fedwire and real-time payments (RTP). 

Increasingly, business banking customers want more streamlined payment automation that is securely embedded within their enterprise resource planning (ERP) system, freeing them from the manual processing of payments and reconciliation. Financial institutions are challenged in offering single payment API for multiple payment networks which are running in disparate payment systems supported by multiple vendors.

With Payment Galaxy, Finzly comes to the aid of business banking customers who need more streamlined payment automation that is securely embedded within their enterprise resource planning through a consolidated payment hub that connects to all payment networks. 


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Keywords: Payment Galaxy, Finzly, partnership, fintech, financial technology, online banking, mobile banking, real-time payments, Fedwire, ACH, open APIs, payment processing for-benefit-of, interoperable payment hub, US, United States
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech