
Banking at the Speed of Life: Finzly's Excellence Journey
In today's rapidly evolving financial landscape, excellence is not merely a badge of honor—it is the foundation upon which transformative solutions are built. As we celebrate Finzly's recognition at the Global Excellence Council Awards, we reflect on how our commitment to excellence has reshaped the way financial institutions serve their customers, revolutionizing the movement of money at the speed of life.
The Human Element of Financial Technology
When money needs to move, it often represents more than just a transaction—it can be life-changing. Whether it's a son paying for his mother's surgery or an employee awaiting a paycheck to support their family, quick and secure access to funds is essential. This understanding forms the cornerstone of Finzly's approach to excellence: placing the human experience at the center of financial technology.
"Excellence in fintech isn't just about having cutting-edge technology," says Booshan Rengachari, CEO of Finzly. "It's about understanding how that technology impacts real people's lives and designing solutions that make a meaningful difference."
This people-first philosophy has guided our development of a unified, rail-agnostic platform that simplifies complex banking operations. By enabling financial institutions to offer seamless money movement solutions, we've helped them achieve remarkable results—including 100% straight-through processing for wire payments and up to 400% customer growth year-over-year.
The Pillars of Excellence: Innovation with Purpose
True excellence requires innovation that serves a clear purpose. At Finzly, we've built our reputation on rethinking traditional banking processes from first principles, stripping away unnecessary complexity to create solutions that are both powerful and intuitive.
Our BankOS platform exemplifies this approach. Rather than adding another layer to a bank's existing technology stack, we've created a transformative system that modernizes core operations while preserving the stability of legacy systems. This careful balance of innovation and stability has allowed our clients to implement new solutions 60-70% faster than industry standards, turning months-long projects into weeks-long transformations.
Nick Rosenberg, Head of Global Payments Group at Metropolitan Commercial Bank, confirms this impact: "Finzly's payment infrastructure is a game-changer for delivering modern payment experiences." Similarly, Katherine Weislogel, Head of Treasury and Payment Solutions at Synovus, notes: "With Finzly's technology, we're ahead of the curve, improving cash flow and helping businesses make smarter decisions."
Excellence Through Inclusive Leadership
Excellence flourishes in environments where diverse perspectives are valued and leadership is distributed. Since our founding 12 years ago, we've cultivated a unique organizational culture where everyone operates with the mindset of being their own CEO—empowered to make decisions, drive innovation, and take ownership of outcomes.
This approach has allowed us to grow from a small startup to an organization with over 200 passionate professionals across three locations: Charlotte, NC, Pune, and Chennai. We've prioritized diversity in leadership, with multiple women in key roles, fostering an inclusive environment where innovation can thrive.
Our CEO's service on the board of the U.S. Faster Payments Council further demonstrates our commitment to shaping industry standards and ensuring that American financial institutions keep pace with global innovations in payment technology.
Technical Excellence: The Foundation of Reliability
Excellence in financial services demands unwavering reliability. Our commitment to technical excellence is evident in our cloud-native architecture, built on AWS infrastructure to handle high transaction volumes across multiple payment rails without disruption.
This technological foundation delivers tangible benefits:
- Unified API connectivity to all major payment networks, simplifying integration
- Rigorous performance testing to ensure seamless scalability during transaction spikes
- Multi-layered security and ISO 20022 compliance to meet regulatory demands
- Modular design that enables rapid deployment of new features through our BankOS App Store
As Bala Nibhanupudi, COO at First Bank, highlights: "Our partnership with Finzly is simplifying operations and reducing costs for us." This operational efficiency is a direct result of our commitment to engineering excellence—creating solutions that not only work flawlessly but continue to evolve with changing market needs.
The Journey to Excellence: Milestone Achievements
Excellence is not a destination but a continuous journey of growth and improvement. Finzly's path has been marked by significant milestones that reflect our dedication to this principle:
From our incorporation as Swapstech in 2012 to our rebranding as Finzly in 2019, we've consistently expanded our capabilities while staying true to our core mission. The establishment of development centers in Pune and Chennai in 2019 accelerated our ability to innovate, leading to recognition through multiple industry awards.
In 2021, our selection to participate in the Federal Reserve Bank's pilot program for FedNow demonstrated our leadership in real-time payment solutions. By 2023, we had released the first-ever API for the FedNow service and secured a $10M investment in Series A fundraising—a testament to the market's confidence in our vision.
Most recently, in 2024, we launched Account Galaxy and became among the first to receive Fedwire certification from the Federal Reserve for ISO 20022 compliance, further cementing our position as industry innovators.
Excellence Through Measurable Impact
The true measure of excellence lies in tangible results. For Finzly, these results speak volumes:
- Multiple bank customers benefiting from our solutions
- 200+ employees committed to driving innovation
- 12+ years of consistent excellence
- 20+ industry accolades in the past three years
These metrics tell the story of a company that has transformed its commitment to excellence into meaningful market impact. By helping banks cut costs, enhance productivity, and stay compliant, we've enabled them to achieve sustainable growth in an evolving market.
The Future of Excellence: Vision and Beyond
Excellence requires not only solving today's challenges but anticipating tomorrow's needs. At Finzly, we envision a future where bank transformation is simple, fast, and cost-effective—where financial institutions can modernize their services without disrupting their core operations.
This vision drives our continued innovation in real-time payments and embedded finance. Through thought leadership and industry collaboration, we're working to ensure that banks of all sizes can adapt, scale, and lead in an ever-changing financial landscape.
As we look ahead, our commitment to excellence remains unwavering. We understand that in the financial world, where every second counts, excellence isn't optional—it's essential. By continuing to place people at the center of our technology and approaching innovation with a first-principle design mindset, we're creating solutions that don't just move money—they move lives.
Conclusion: Excellence as a Continuous Pursuit
The recognition bestowed upon Finzly by the Global Excellence Council Awards is not merely a celebration of past achievements but a reminder of our ongoing responsibility to maintain and elevate our standards of excellence. In a world where financial technology evolves rapidly, excellence requires constant reinvention and a willingness to challenge established norms.
As we continue our journey, we remain guided by our founding principle: to solve real problems for real people. At Finzly, excellence isn't just about building better technology—it's about making sure that money moves at the speed of life, because when it matters most, every second counts.
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