Finzly Announces Integration With Q2's Digital Banking Platform
Rhea-AI Summary
Q2 Holdings (NYSE:QTWO) has announced the integration of Finzly's payment infrastructure with its Digital Banking Platform through the Q2 Partner Accelerator Program. The integration enables financial institutions to offer their account holders a comprehensive payment experience, including cross-border, domestic, and instant payments directly within their digital interface.
Finzly's unified platform supports major payment rails including FedNow, RTP, Fedwire, ACH, and SWIFT, providing real-time visibility, competitive FX rates, and built-in regulatory compliance. The partnership aims to help banks and credit unions enhance their payment offerings and capture new revenue streams while meeting modern account holder expectations for seamless payment experiences.
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Insights
Q2's partnership with Finzly strengthens its payment capabilities, potentially boosting customer retention and revenue opportunities.
This strategic integration between Q2 and Finzly represents a significant enhancement to Q2's digital banking platform. By incorporating Finzly's payment infrastructure, Q2 is addressing a critical competitive need in the financial services space where payment modernization has become essential for customer retention.
The integration delivers several key advantages for Q2's financial institution clients:
- A unified payment experience across all major rails (FedNow, RTP, Fedwire, ACH, and SWIFT)
- Enhanced cross-border payment capabilities with competitive FX rates
- Real-time payment tracking and visibility
- Integrated regulatory compliance and fraud monitoring
- Simplified implementation through the Q2 Partner Accelerator Program
This partnership addresses a crucial market challenge: traditional financial institutions struggle to match the seamless payment experiences offered by fintech disruptors. By embedding Finzly's comprehensive payment capabilities directly into their digital banking platform, Q2 enables banks and credit unions to compete more effectively without undertaking complex, costly infrastructure overhauls.
For Q2, this integration creates potential revenue upside through improved platform stickiness, reduced client churn, and enhanced competitive positioning against other banking platform providers. The standardized integration through Q2's Innovation Studio should accelerate adoption timeframes, potentially shortening the revenue realization cycle compared to traditional partnership implementations.
Financial institutions can now deliver a cutting-edge payment experience to their account holders through Q2's Digital Banking Platform
Finzly offers real-time visibility, competitive FX rates, and a simple, rail-agnostic experience with built-in regulatory compliance and fraud monitoring, delivering a faster, more transparent payment experience within the financial institution's existing digital environment.
Finzly's unified platform supports all major payment rails—FedNow, RTP, Fedwire, ACH, and SWIFT—helping financial institutions stay competitive. By leveraging Finzly's solution through Q2's Digital Banking Platform, financial institutions can quickly enhance their offerings, capture new revenue, and meet account holder expectations without the hassle of complex implementation.
"In today's connected world, businesses and consumers expect their banks to deliver seamless payment experiences," said Booshan Rengachari, CEO of Finzly. "With fintechs setting new expectations for simplicity, speed, and transparency, banks and credit unions must be able to meet these demands effortlessly. By integrating Finzly's solution into Q2's Digital Banking Platform, we're providing financial institutions with a simple, efficient way to offer exceptional payment experiences - including international payments that exceed account holder expectations, without the need for a complex overhaul."
The Q2 Partner Accelerator is a program through the Q2 Innovation Studio that allows in-demand financial services companies who are leveraging the Q2 SDK to pre-integrate their technology to the Q2 Digital Banking Platform. This enables financial institutions to work with these partners, purchase their solutions and rapidly deploy their standardized integrations to their account holders.
To learn more about Finzly and the Q2 Innovation Studio, please click here.
About Finzly:
Finzly powers banking transformation through radically simple technology solutions for financial institutions. Our award-winning bank modernization platform enables banks and credit unions to rapidly deploy modern payment and FX capabilities across all rails -- including ACH, Fedwire, SWIFT, and instant payments -- through a unified, ISO 20022-native architecture. With Finzly's cloud-native platform BankOS, financial institutions can orchestrate payments intelligently, offer advanced FX solutions, and accelerate money movement without replacing legacy infrastructure. We empower banks to compete effectively by quickly launching new services that meet evolving customer demands while dramatically reducing implementation complexity and time-to-market. Experience how Finzly makes banking transformation radically simple at finzly.com.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the
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SOURCE Finzly