Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital banking, has been named a finalist in two different categories of the second annual Finovate Awards.

A finalist for “Best Back-Office/Core-Service Provider,” Finzly’s bank operating system, BankOS, enables financial institutions to offer customers a more modern banking experience, freeing banks and credit unions from the limitations of legacy technology systems. In doing so, BankOS extends the value of institutions’ existing technology investments by layering onto existing core systems. With BankOS, FIs can create and choose best-in-class products and services to effectively engage with their customers while utilizing the latest technologies, such as open APIs, microservices and cloud computing, to transform operations and innovate at the speed of fintech.

Finzly was also named a finalist for “Best Enterprise Payments Solution” for Payment Galaxy, a payment services hub that offers financial institutions the opportunity to transform legacy payment infrastructure and operations with modern, centralized payment processing, monitoring, reporting and compliance capabilities. Finzly’s payment services hub efficiently connects multiple payment networks through intelligent payment routing and open payment APIs into a single user interface, sparing FIs from the burden of managing multiple systems and vendors while simplifying payment network connections.

“Finzly is bringing modern technology to an industry that still largely relies on legacy technologies, complex architectures and disjointed experiences,” said Booshan Rengachari, founder and CEO, Finzly. “We’re moving the industry forward by enabling FIs to more quickly and cost effectively develop innovative products and services and bring them to market. Our team is honored to be recognized by Finovate as one of the industry’s best and brightest for our commitment to driving innovation and digital transformation.”

Finzly is slated to present at both of Finovate’s digital events this fall, FinovateFall and FinovateWest.