In order to adapt to changing market needs, EverBank, a national specialty bank that offers high-value goods and services to both consumer and business clients, set out to update its payments operations. EverBank will be able to streamline operations and rely less on manual processes by centralizing its payment systems onto a single platform thanks to the partnership with Finzly. With this change, EverBank should be able to handle a higher volume of payments to investment firms, giving the bank more automation, control, and scalability while also improving the clientele's experience.

"We were impressed with Finzly's technology and expertise as we looked for a new payments operations partner," stated Lindsay Lawrence, executive vice president and chief operating officer of EverBank. "We're excited to collaborate closely with the Finzly team to implement the platform and improve performance for both our counterparties and clients. We selected Finzly based on a number of important considerations, including the platform's ability to process foreign currency payments and support foreign exchange (FX); convert USD to FX; provide suitable disclosures and receipts for customer payments; and interface with other technologies for trades and settlement."

The founder and CEO of Finzly, Booshan Rengachari, stated, "We are excited to partner with EverBank and support their journey towards modernizing payments operations." "We aim to equip financial institutions such as EverBank with the necessary instruments to prosper in the current dynamic banking environment through our inventive solutions. EverBank will be able to achieve new heights of efficiency, scalability, and compliance by unifying their payment rails onto our platform, which will eventually result in increased value for their clients."