Finzly Announces Strategic Partnership with Corpay Cross-Border to Enhance FX Solutions for Financial Institutions
Date – 14-Aug-2024
The partnership equips financial institutions with real-time FX rates and access to over 200 international markets for foreign currency wires through Finzly’s platform.
Finzly, Inc., a leader in innovative payment and financial solutions, has announced a new collaboration with Corpay, Inc.’s Cross-Border division, a global leader in corporate payments. This partnership combines Finzly’s FX payment platform with Corpay’s real-time FX rates to deliver a comprehensive solution for financial institutions and their clients. The integrated offering will enhance FX transaction capabilities, covering over 200 international markets with seamless and intuitive functionality.
Traditionally, businesses handling international payments rely on multiple, siloed banking systems, which complicates the process and introduces potential for manual errors and delays. The integration of Corpay Cross-Border’s platform with Finzly’s FX payment technology simplifies and automates international payments, seamlessly connecting with domestic accounts and payment rails. Finzly’s unified API streamlines sending international payments via Swift.
Brad Loder, Chief Marketing Officer of Corpay Cross-Border Solutions, stated, “We are excited to partner with Finzly to provide financial institutions and their clients with real-time FX rates and automated processing across over 200 international markets. This collaboration addresses the growing complexity of cross-border transactions with our extensive global reach and real-time capabilities.”
Booshan Rengachari, Founder and CEO of Finzly, added, “This modular FX solution, created through our partnership with Corpay, empowers banks of all sizes to compete with major global institutions. By offering competitive FX rates and an enhanced customer experience, we also help financial institutions manage and mitigate FX risk more effectively.”
