Arvest Bank Selects Finzly's Trade Finance Platform
Arvest Bank chose Finzly's EXIM STAR trade finance platform to streamline its trade finance operations and introduce an online portal for treasury customers. The platform targets process automation and portfolio management for letters of credit, standby guarantees, and collections. By partnering with Finzly, Arvest Bank aims to reduce manual processing and improve service delivery for its commercial banking clients.
The EXIM STAR platform provides a digital solution that replaces legacy trade finance workflows. Financial terms of the deal were not disclosed. This partnership illustrates how regional U.S. banks are turning to specialized fintech providers to modernize specific banking verticals.
The deal positions Finzly as a notable player in trade finance infrastructure for mid-market banks.
- Regional banks increasingly rely on fintech partners for specialized back-office modernization
- Trade finance automation emerges as a growing embedded finance opportunity for fintechs