USAmeriBank goes live with Finastra
Written by Chris Lemmon
USAmeriBank has gone live on Finastra’s hosted payments hub for US domestic and international wire transfers.
USAmeriBank selected Finastra’s hosted solution in order to have the flexibility to quickly add new payments rails and services, future-proofing its technology investment, while improving customer service and increasing straight-through processing.
The bank has benefited from quick time-to-market and ease of implementation, as well as a reduction of maintenance effort and total cost of ownership, as the technology and business services are maintained by Finastra.
Kelly Spica, SVP director of deposit operations at USAmeriBank, commented: “Today marks an important milestone in our journey to provide world class wire service capabilities to our customers. In recent years, we have seen steady and significant growth in our wire business, and by implementing Finastra’s next-generation payments hub, we will be able to continue to add capacity and additional payment rails, virtually at the flick of a switch, in order to meet market demand and satisfy the needs of our customers.”
Going live on the next-generation payments hub marks the first phase of the bank’s journey with Finastra. In the coming months, the bank plans to add US ACH, and eventually real-time payments components, completing the bank’s journey to a fully-outsourced payment processing model.
Nadeem Syed, CEO of Finastra, added: “By offering our next-generation payments hub as a hosted solution, we are able to provide our clients with rapid time-to-market and ease of implementation. USAmeriBank’s customers will quickly benefit from a market-leading payments solution with the highest levels of scalability, reliability and availability.”