Aptys Solutions Launches Liquidity Manager for Real-Time and FedNow Payments

Midwest Independent BankersBank and Bankers’ Bank of the West are among the first financial institutions to offer the Aptys module to automate agent funding needs

Consumer and business demand for faster payments is on the rise and providing a faster payment option is a key differentiator for financial institutions ”

– Naseer Nasim, CEO of Aptys Solutions

NORCROSS, GA, UNITED STATES, December 14, 2021 /EINPresswire.com/ – Aptys Solutions, the leading fintech partner of cloud-based, multichannel, real-time and mobile payments to more than 4,500 financial institutions, today announced that it now offers a liquidity manager for real-time payments. This allows correspondents who provide financing services to other institutions, or to individual financial institutions, to automate liquidity management and offer real-time transaction reconciliation and accounting. Bank of Independent Bankers of the Midwest (MIB) and Bank of Western Bankers are among the first financial institutions to select this new real-time payment module available via the Aptys PayLOGICS multi-channel payment platform.

Aptys is the industry leader in FinTech providing automated RTP and FedNow liquidity management by providing financial institutions with a simple and efficient way to manage funding needs for real-time payment transactions. Its new liquidity manager will systematically manage the settlement of the RTP and FedNow networks for banks and credit unions, monitor and manage balances, including responding to position alerts 24/7/365. The service diligently provides tools for real-time publication, reconciliation and liquidity management. The module integrates via real-time APIs into The Clearing House’s RTP network and will connect to the FedNow system in the near future. It will be a key tool for financial institutions and correspondent FIs who wish to develop and develop their capacity to offer settlement services, while being a lifeline for community FIs to minimize risk and reconcile financing of transactions. .

MIB and Bankers ‘Bank of the West, both existing customers of Aptys, provide a wide range of correspondent banking services to nearly 800 financial institutions in the western and midwestern United States and have deployed many of Aptys’ products. Aptys such as ICL, ACH, Wires, Fed Messages and archiving. MIB and Bankers ‘Bank of the West have licensed the Liquidity Manager, which is slated to go live in early 2022. This module uses PayLOGICS’ real-time payment engine that will allow financial institutions to easily tailor their services real-time payment. and effectively.

According to Sheila Noll, COO of MIB, they chose Aptys because the new PayLOGICS module significantly improves efficiency and reduces operational costs for community bank customers. “This product helps solve a big challenge for many FIs. Aptys new Funding Agent module manages settlement and funding requirements for real-time payment transactions and other requirements that can be onerous for FIs to administer themselves in a 24×7 environment x 365, ”Noll said. “Another advantage is that Aptys works directly with its customers to continuously refine the capabilities of the system. “

Jeff Benson, Senior Vice President and COO of Bankers’ Bank of the West, said: “It makes sense to work with a partner like Aptys who understands our needs for faster payments and has a proven track record in payments to successfully deliver the tools we need. for our clients.

“Consumer and business demand for faster payments is increasing and providing a faster payment option is a key differentiator for financial institutions,” said Naseer Nasim, CEO of Aptys. “We are grateful for our partnership and working with our customers to develop new technologies and capabilities that create a way forward for banks and credit unions in today’s landscape of faster payments. Serving as a financing agent is perfectly in line with our desire to offer alternative technological solutions and to enable digital transformation for any financial institution.

About Midwest Independent BankersBank
The Midwest Independent Bank (MIB) is a “bank of bankers” that provides a wide variety of correspondent banking services to nearly 500 financial institutions throughout the Midwest. MIB is headquartered in Jefferson City, Missouri. MIB banking services are provided exclusively to financial institutions. The company offers correspondent banking services, as well as auditing services through MIB Banc Services, LLC. Visit www.mibanc.com for more information.

About the Bank of Western Bankers
Bankers’ Bank of the West, established in 1980 as a non-competing correspondent bank, provides high-quality products and services as well as in-depth industry expertise to hundreds of community banking clients in the Western States and the Great Plains region. Our community banking customers derive value-added benefits, including responsive customer service, problem-solving assistance, and a pricing strategy designed to increase customer bank results. Our employees, many of whom have a decade or more of experience in the banking industry, operate from two locations, BBW’s corporate headquarters in Denver, Colorado, and a field office in Lincoln, Nebraska. The goal of maintaining strong and relevant community banks has guided everything Bankers’ Bank of the West has done since 1980, and it will remain our focus for many years to come. For more information visit www.bbwest.com.

About Aptys Solutions
Aptys Solutions is the leading provider of corresponding electronic payment processing software for financial institutions. In partnership with corresponding service providers, Aptys’ payment platform processes nearly one billion ACH transactions, checks and transfers each year for more than 4,500 community banks and credit unions nationwide. By providing financial institutions with a unified electronic payments platform, the Company helps financial institutions deliver differentiating payment products that increase efficiency, reduce friction, manage compliance and reduce risk. Aptys Solutions is dedicated to accelerating payments, streamlining operations and generating revenue for correspondents and their clients. For more information visit www.aptyssolutions.com.

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Megan McKinstry
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