Metropolitan Commercial Bank Partners with Finzly for Advanced Payment Processing
October 17 2023 - 4:25PM
Business Wire
The partnership will offer customers a seamless banking
experience
Metropolitan Commercial Bank (the “Bank”) is pleased to announce
a partnership with leading cloud-based payments platform, Finzly.
By leveraging Finzly's modern payment hub, Metropolitan Commercial
Bank aims to transform its payment processing operations on ACH,
Fedwire, and FedNow. The Bank recognizes the importance of offering
innovative and secure payment solutions to meet the changing needs
of its customers.
"We selected Finzly for its ability to cater not only to our
business customers and consumers but also to foster robust
partnerships within the payments industry. Through Finzly's
advanced payment infrastructure, we now lead the way in delivering
advanced payment experiences, positioning us at the forefront of
financial innovation."
- Nick Rosenberg, EVP, Head of Global Payments Group, at
Metropolitan Commercial Bank
In addition, the Bank plans to implement customized payment
solutions that cater to the specific needs of its diverse business
clients by integrating Finzly's innovative business banking
platform.
"We are deeply honored to be chosen as Metropolitan Commercial
Bank's payment solutions partner," said Booshan Rengachari,
Founder, and CEO of Finzly. "Our commitment is steadfast in
empowering the bank to further its payment capabilities and deliver
truly exceptional experiences to their diverse clientele."
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) is a New York City
based full-service commercial bank. The Bank provides a broad range
of business, commercial and personal banking products and services
to small businesses, private and public middle-market and corporate
enterprises and institutions, municipalities and local government
entities, and affluent individuals.
Metropolitan Commercial Bank’s Global Payments group is an
established leader in domestic and international fintech services,
including: providing digital payments settlements; providing a
gateway to payment networks; acting as a custodian of deposits;
providing merchant acquiring services; acting as a global
settlement agent, and as a leading national issuer of third-party
debit cards. The Bank continues to grow its presence as a valued,
trusted and innovative strategic partner across fintech, payments
and money services businesses worldwide.
Metropolitan Commercial Bank finished in the top ten of S&P
Global Market Intelligence’s annual ranking of the best-performing
community banks with assets between $3 billion and $10 billion for
2022 and among the top ten top-performing community banks in the
Northeast region for 2022. The Bank is also a member of the Piper
Sandler Sm-All Stars Class of 2022.
Metropolitan Commercial Bank operates banking centers and
private client offices in Manhattan and Boro Park, Brooklyn in New
York City and Great Neck on Long Island in New York State.
Metropolitan Commercial Bank is a New York State chartered
commercial bank, a member of the Federal Reserve System and the
Federal Deposit Insurance Corporation, and an equal housing lender.
The parent company of Metropolitan Commercial Bank is Metropolitan
Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at
MCBankNY.com.
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212-365-6721 IR@MCBankNY.com
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