Finli has joined the NayaOne Tech Marketplace. It provides financial institutions with the tools necessary to increase their competitive advantage and satisfy and retain their small business clients.
Finli is proud to help bankers compete in today’s landscape full of innovative digital solutions. We’re seeing consumers shift away from BAAS and neobank models, and towards more trusted relationships with traditional institutions who offer competitive tools. Through our partnership with NayaOne, we’re excited to connect with new financial institutions and deepen our commitment to innovation in this space.
Lori Shao – Founder & CEO, Finli
We’re thrilled to welcome Finli to the NayaOne Technology Marketplace. Megabanks and neobanks have raised the bar in the financial services sector. Therefore, customers’ increasing demand for modern, efficient, and personalised services is pushing traditional institutions to adapt and integrate advanced technologies rapidly.
Varun Resh – Marketplace Manager, NayaOne
Competition from neobanks and megabanks in the financial services industry is on the rise. As a result, community banks, credit unions, Minority Depository Institutions (MDIs), and Community Development Financial Institutions Funds (CDFIs) are struggling to retain customers and grow deposits.
Through Finli’s digital solutions, financial institutions have a direct path to:
- Growing non-interest income.
- Strengthening relationships with their clients.
- Collecting sticky deposits from their small businesses.
One-Stop-Shop to Compete with Neobanks and Megabanks
Finli allows financial institutions to differentiate their product offering and truly compete on a 1:1 level with neobanks and larger institutions. Finli supports its customers with a range of tools to serve their small business clients. This includes:
- Digital invoicing and quoting.
- Customer management.
- Inventory and pricing management.
- Reporting and digital payment processing. All payments processed through Finli settle directly into the DDA accounts of the partner financial institutions.
The teams of Finli’s financial institution partners have access to the Finli Partner Portal. In it, they can view reporting and gain insights about their small business customers. Partners can leverage this data to make more intelligent lending decisions, identify upsell and cross-sell opportunities, and deepen customer relationships.
All the solutions are white-label and banking-system agnostic. Finli has active integrations with Q2, Jack Henry, MEA Financial, Constellation, and other Core and Digital Online Solutions. These integrations allow financial institutions to implement Finli’s in as little as a few hours.
Finli is excited about the partnership with NayaOne. It aims to strengthen its relationships within the banking ecosystem, connect with new partners, receive feedback on its solutions, and ultimately deliver new, innovative solutions to its customers. It supports NayaOne’s mission to enable and facilitate bank-fintech partnerships by helping them find, assess and onboard new tech vendors in an air-gapped, secure testing environment that eliminates the need to bring vendors through their procurement and TPRM process first. Enterprises have access to synthetic datasets, tech marketplace, and a digital sandbox, allowing them to scale third-party technologies to production, as well as to build functional proofs-of-concepts in 4-6 weeks rather than 9-12 months without onboarding the fintech.
