Veritex Community Bank taps Finzly to transform payments

Texas-based Veritex Community Bank has selected Finzly’s Payment Hub solution as it looks to upgrade its payment capabilities.

Veritex Community Bank selects Finzly’s Payment Hub

The bank will utilise Finzly’s tech to consolidate ACH and Fedwire under a single platform. In the future, the bank will also have the option to use the platform’s readymade connections to the RTP and FedNow instant payment rails.

Additionally, the bank’s commercial customers will be able to make use of improved treasury services via Finzly’s Experience Hub, embedded into Q2, the bank’s digital banking platform.

“The bank’s operations and tellers will benefit from efficient, straight-through processing while its customers will enjoy a modern and friction-free payment journey,” Finzly says.

The partnership will also enable the bank to offer Banking-as-a-Service (BaaS) to corporate treasuries and fintechs. Veritex will be able to offer a single API to process payments through any of the rails on Finzly’s cloud-native Payment Hub.

Veritex is a mid-sized community bank with branches in Houston, Fort Worth and Dallas, Texas, with more than $10 billion in assets under management. It provides banking products and services, specialising in depository and credit services for small to mid-size businesses.