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Finzly Enhances Live Oak Bank Wire Services With 100% STP Using Fedwire Solution

Summary by Financial IT

Finzly, a leader in innovative payment and financial solutions, announced that Live Oak Bank has successfully enhanced its commercial and small business banking services by implementing Finzly's Fedwire solution, achieving 100% straight-through processing (STP). This strategic move not only streamlines payment processing but also positions the bank to meet the upcoming ISO 20022 compliance requirements ahead of schedule.

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Financial IT

Finzly Enhances Live Oak Bank Wire Services With 100% STP Using Fedwire Solution

2 days ago

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Finovate

Live Oak Bank Implements Finzly’s Fedwire Solution

Live Oak Bank has enhanced its commercial and small business banking services by partnering with Finzly for its Fedwire solution. Finzly’s technology enables 100% straight-through processing (STP) and will help ensure the bank is compliant with upcoming ISO 20022 regulations. Finzly is a two-time Finovate Best of Show award winner. The company most recently demoed its technology at FinovateSpring 2022 in San Francisco. Payment and financial solu…

2 days ago

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