Finzly unveils banking transformation solution, BankOS
Finovate special: US-based Finzly (formerly SwapsTech) has unveiled BankOS, its latest solution for banking transformation. The new offering is “targeted at banks who are crying out for fast, innovative digital solutions to problems but remain mired in bureaucratic processes and antiquated technology”, the vendor explains.
The solution features micro service architecture and the appstore for commercial and retail banking services.
“BankOS is the culmination of three years of research and development by our expert financial engineering team,” states Booshan Rengachari, founder and CEO of Finzly.
“We reinvested heavily in the future of our platform and brought to life BankOS.”
He believes banks “will be able to deliver new products and services at the speed of fintech, drastically cutting down cost and time-to-market”.
Terry Howell, Finzly’s CTO, explains: “When a bank adopts BankOS, we map our API adapters to the bank’s existing core providing a digital backbone to unlock the bank’s digital potential.
“This allows banks to use all apps from the Finzly App Store. Just click, verify and go live.”
SwapsTech was founded in 2012 and is based in Charlotte, North Carolina. Earlier this month, it changed its name to Finzly “to match its broader set of products”, according to the company.