Intelligent payment dispute automation
software recognized for fintech innovation
HOUSTON, Oct. 3, 2024 /PRNewswire/ -- FINBOA Inc., a
leading provider of intelligent process automation for regulatory
compliance in financial institutions, was selected as the "Tech of
the Future" award winner in the 2024 PayTech Awards USA program. The 2024 PayTech Awards
USA shine a spotlight on
groundbreaking innovations and industry leaders that are shaping
the future of payments. PayTech USA Awards describes the "Tech of the Future"
honor as being awarded to a technology provider that is defining
the future of payments; by demonstrating genuine innovation by
using emerging technologies, practicing forward-thinking ideas and
reimagining processes.
The FINBOA Payment Disputes solution has enabled over 225 U.S.
banks and credit unions to digitize and automate payment disputes
processing. As a compliance process automation tool, FINBOA's
solution assists financial institutions in meeting banking
regulatory requirements; specifically concerning payment dispute
processing (i.e. Reg E, Reg Z).
"The entire FINBOA team is honored to receive the PayTech
USA Award highlighting technology
that is defining the future of payments and reimagining dispute
processing," said Raj Singal, CEO and Founder of FINBOA. "The
Tech of the Future award recognition underscores the unique value
FINBOA Payment Disputes solution provides in transforming payment
dispute management using workflow automation designed specifically
around banking compliance requirements."
FINBOA's Payment Disputes solution provides an improved account
holder experience in four key areas: digitizing dispute intake
which reduces errors and improves accuracy; enabling remote intake
of new dispute claims; improving account holder communication by
providing more accurate dispute information; and automating account
holder notification to help financial institutions meet regulatory
requirements for communication in a timely manner.
About FINBOA
FINBOA provides intelligent process automation software to banks
and credit unions to simplify dispute processing and improve
regulatory compliance by eliminating manual systems. Leveraging
extensive industry experience and a commitment to customer
experience, FINBOA delivers transformative software proven to
enable institutional growth by reducing operational costs and
risk.
Headquartered in Houston,
FINBOA is trusted to help over 225 financial institutions
nationwide achieve targeted business outcomes and peace of
mind.
Learn more at www.finboa.com or follow us on LinkedIn, Facebook
and X Twitter.
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SOURCE FINBOA