Foreign Exchange
This is a contract where two parties exchange financial instruments and also a confused WASP!
What is a swap?
In 2024, this major financial institution acquired Discover.
What is Capital One?
Finzly's first product
What is FX STAR
TCH's payment limit for RTP transactions is $10M.
What is RTP transaction limit?
In international trade, this type of FX rate agreement ensures that a future currency exchange occurs at a predetermined rate, reducing exposure to currency fluctuations.
What is a forward contract?
This P2P service recently glitched at several banks due to a technical failure.
What is Zelle?
Finzly's first bank customer
What is First National Bank of PA
This bank made the largest ever ACH transfer of $10M on the RTP network
What is the Bank of NY?
This is a framework developed by SWIFT to support the transition to the ISO 20022 messaging standard for international payments.
What is Cross-Border Payments and Reporting(CBPR)?
This company helps restaurants manage payments, but its name also sounds like something you might eat for breakfast.
What is Toast?
This was the name Finzly was initially known by.
What is Swapstech?
This payments network is witnessing a YoY growth of 45% in volume.
In finance, it limits your losses. In your yard, it blocks your nosy neighbor.
What is a hedge?
This term refers to an artificial intelligence system that is designed to act autonomously or semi-autonomously to achieve specific goals or tasks.
What is agentic AI?
This in-house designer has won several awards including The Webby Awards.
What is Maks Stepenko?
It's the financial crime where crooks blend real and fake details to invent a new identity, often used to open accounts, rack up credit, and vanish before detection.
What is synthetic identity fraud?
This ISO 20022 message type provides detailed information about a customer's account activity, including balance and transaction information.
What is camt.052?
Fat fir rearranged - it's a U.S. import cost.
What is tariff?
This is the name for Finzly's methodology to displace legacy ACH and Fedwire.
What is Surround and Shrink?
Common to DOE FAWN, PART, FAIR WEED