HERNDON, Va., April. 26, 2018 – NACHA—The Electronic Payments Association® announces Finastra as a Preferred Partner for Enabling Innovation in Payments. NACHA Preferred Partners are a select group of providers and innovators that contribute to NACHA’s strategic efforts and the payments ecosystem by removing friction, increasing ease, accessibility and efficiency, or supporting sound risk management and security for ACH payments. Finastra was selected as a Preferred Partner because of its open platform approach for financial institutions that facilitates innovation and collaboration.
“We are pleased to introduce Finastra as our newest Preferred Partner,” said Jane Larimer, chief operating officer of NACHA. “In a rapidly changing payments environment, it is critical that financial institutions remain agile to quickly respond to the evolving needs and new technologies influencing our industry. Finastra provides a platform to enable financial institutions to do just that, and by doing so, allows financial institutions to maintain their integral position in the payments ecosystem today – and into the future.”
As an innovator in the financial services world, Finastra recognizes the pace at which the payments business is evolving and the complexities it can create. As such, it continually develops solutions and enhances its technology to support the rapidly changing landscape. Today, Finastra’s open platform supports a variety of payments networks and payment types, including ACH payments, helping to streamline payments operations and improve customer satisfaction by enabling financial institutions to leverage the latest innovations and technologies.
“In today’s competitive environment, being able to respond quickly to the changes in financial services is paramount for our customers,” said Robin Crewe, CTO, Lending & Transaction Banking at Finastra. “Through our solutions, financial institutions can easily navigate the payments landscape, providing superior and frictionless customer service, increasing revenue and driving down costs. As a NACHA Preferred Partner we hope to bring our innovative solutions to even more financial institutions as the trend towards faster payments continues to gather pace around the world.”
Finastra, as the Preferred Partner for Enabling Innovation in Payments, joins a growing list of NACHA Preferred Partners working to better support the payments ecosystem. To learn more about NACHA’s Preferred Partner Program, visit www.nacha.org/Preferred-Partner.
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks use Finastra technology.
NACHA—The Electronic Payments Association
NACHA—The Electronic Payments Association is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, NACHA’s efforts benefit the providers and users of those systems. NACHA leads groups focused on API standardization, authors the Quest Operating Rules for EBT and is also the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2017, there was a total of nearly 26 billion ACH transactions. Of these, 21.5 billion ACH payments valued at $47 trillion moved across the ACH Network, and more than 4 billion were on-us transactions within financial institutions.