Valley Bank Selects Infinant to Enhance Partner Banking Capabilities
Valley National Bank announced it is partnering with Infinant to leverage its Interlace platform to scale the bank’s Partner Banking business.
According to Valley, the financial institution is now able to combine its offerings and experience in payments with the modern, real-time embedded finance capabilities from Infinant to offer fintech partners best-in-breed solutions to help them scale and grow.
“Our relationship with Infinant signifies our commitment to modernizing and innovating for the benefit of our customers,” said Russell Barrett, senior executive vice president and chief operating officer. “Infinant provides Valley and our fintech partners with differentiated capabilities, complementing our strong culture of risk management and robust balance sheet.”
“As one of the strongest and most trusted regional banks in the country, with a growing national presence, Valley is a keystone partnership for Infinant and we are excited to be powering their growth,” commented Riaz Syed, CEO and founder of Infinant. “Our Interlace Platform continues to drive innovation at the scale regional banks need.”
Infinant provides a cloud-based platform, Interlace, for banks to launch and scale their deposit and payment programs, as a compliment to their existing core banking system, and allowing the bank to maintain complete control of the ledger, operations and compliance. Infinant has realized significant growth over the past year by filling an increasing need for banks to launch new growth channels, including embedded finance and partner banking.
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with over $63 billion in assets. It operates branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California and Illinois.