Latest news with #BankingTechAwardsUSA2025
Associated Press
3 days ago
- Business
- Associated Press
Star One Credit Union, Payfinia Win Banking Tech USA 2025 Award for Partnership
PORTLAND, Ore.--(BUSINESS WIRE)--Jun 5, 2025-- Payfinia, an open, real-time payments framework, announced today it won the Best Credit Union/Community Bank & FinTech Partnership by Fintech Futures' Banking Tech Awards USA 2025 with Star One Credit Union ($10.2 billion, 124,000 members). The Banking Tech Awards USA honor technology excellence and innovation in the banking and financial services sector, spotlighting the standout projects, products, services and teams driving progress in the industry. Together, Star One and Payfinia pioneered instant payments, launching Payfinia's Instant Payment Xchange (IPX), an instant payments framework enabling members to send and receive instant payments securely 24/7/365. Through the partnership, a suite of layered fraud controls available within the IPX platform produced a lower fraud per dollar than Same Day ACH and peer-to-peer payments, an improvement in back-office efficiency and member satisfaction, and increased money movement volumes. In November 2024, with financial support from Star One, Payfinia launched a Credit Union Service Organization (CUSO), allowing credit unions to collectively own and drive payments innovation. The Banking Tech Awards USA 2025 ceremony took place on May 29 th in New York, recognizing excellence across the financial technology sector. The event brought together more than 300 industry leaders, including JP Morgan Chase, Morgan Stanley, Bank of America and BNY, alongside innovative fintech players and technology providers. 'More consumers and businesses are requiring immediacy in their digital payment experiences. Financial institutions need to partner with service providers that have built solutions with security, user experience and efficiency in mind, and have proven performance metrics associated with users sending instant payments,' said Keith Riddle, general manager of Payfinia. 'We are honored to receive the Banking Tech Award for our partnership with Star One. Payfinia is dedicated to developing an instant payments framework that enables account holders to take control of their payments journeys, and we look forward to continuing to reimagine and improve how consumers move money.' Since launching in 2024, Payfinia has signed several new clients, partners and investors, positioning the payments company for continued growth in 2025. About Payfinia Inc. Payfinia Inc. is an independent payments company and CUSO, providing community financial institutions (CFIs) access to and ownership of their instant payments services. Payfinia's flagship product offering, the Instant Payments Xchange (IPX), is a secure, scalable and affordable real-time money movement service. Additionally, Payfinia partners with third-party digital providers to integrate instant payments with traditional payment and money movement solutions, extending the technology provider's capabilities, while also providing member FIs a more robust payments ecosystem. To learn more about Payfinia, visit View source version on CONTACT: MEDIA CONTACTS: Laura Lenz / Anna Stanley [email protected]/[email protected] 678.781.7226 / 251.517.7857 KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PAYMENTS FINANCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY FINTECH SOURCE: Payfinia Inc. Copyright Business Wire 2025. PUB: 06/05/2025 09:09 AM/DISC: 06/05/2025 09:08 AM
Business Wire
3 days ago
- Business
- Business Wire
Star One Credit Union, Payfinia Win Banking Tech USA 2025 Award for Partnership
PORTLAND, Ore.--(BUSINESS WIRE)-- Payfinia, an open, real-time payments framework, announced today it won the Best Credit Union/Community Bank & FinTech Partnership by Fintech Futures' Banking Tech Awards USA 2025 with Star One Credit Union ($10.2 billion, 124,000 members). The Banking Tech Awards USA honor technology excellence and innovation in the banking and financial services sector, spotlighting the standout projects, products, services and teams driving progress in the industry. Payfinia is dedicated to developing an instant payments framework that enables account holders to take control of their payments journeys, and we look forward to continuing to reimagine and improve how consumers move money. Share Together, Star One and Payfinia pioneered instant payments, launching Payfinia's Instant Payment Xchange (IPX), an instant payments framework enabling members to send and receive instant payments securely 24/7/365. Through the partnership, a suite of layered fraud controls available within the IPX platform produced a lower fraud per dollar than Same Day ACH and peer-to-peer payments, an improvement in back-office efficiency and member satisfaction, and increased money movement volumes. In November 2024, with financial support from Star One, Payfinia launched a Credit Union Service Organization (CUSO), allowing credit unions to collectively own and drive payments innovation. The Banking Tech Awards USA 2025 ceremony took place on May 29 th in New York, recognizing excellence across the financial technology sector. The event brought together more than 300 industry leaders, including JP Morgan Chase, Morgan Stanley, Bank of America and BNY, alongside innovative fintech players and technology providers. 'More consumers and businesses are requiring immediacy in their digital payment experiences. Financial institutions need to partner with service providers that have built solutions with security, user experience and efficiency in mind, and have proven performance metrics associated with users sending instant payments,' said Keith Riddle, general manager of Payfinia. 'We are honored to receive the Banking Tech Award for our partnership with Star One. Payfinia is dedicated to developing an instant payments framework that enables account holders to take control of their payments journeys, and we look forward to continuing to reimagine and improve how consumers move money.' Since launching in 2024, Payfinia has signed several new clients, partners and investors, positioning the payments company for continued growth in 2025. About Payfinia Inc. Payfinia Inc. is an independent payments company and CUSO, providing community financial institutions (CFIs) access to and ownership of their instant payments services. Payfinia's flagship product offering, the Instant Payments Xchange (IPX), is a secure, scalable and affordable real-time money movement service. Additionally, Payfinia partners with third-party digital providers to integrate instant payments with traditional payment and money movement solutions, extending the technology provider's capabilities, while also providing member FIs a more robust payments ecosystem. To learn more about Payfinia, visit
Yahoo
6 days ago
- Business
- Yahoo
Temenos Named Best Core Banking System at Banking Tech Awards USA
Prestigious industry award recognizes Temenos' US banking capabilities and innovation GRAND-LANCY, Switzerland, June 02, 2025 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN), a global leader in banking technology, today announced it has received the award for Best Core Banking System at the Banking Tech Awards USA 2025. These prestigious industry awards recognize the cutting-edge innovations and outstanding achievements driving the future of banking technology across the United States. With its best-of-suite core banking and modular core solutions, Temenos offers US financial institutions choice, flexibility and a proven path to banking modernization – all underpinned with cloud-native architecture, and embedded AI. Trusted by over 950 banks around the world, Temenos' core banking software can be deployed on-premises, in the cloud, or as SaaS. US financial institutions using Temenos also benefit from robust regionalization, pre-configured banking capabilities for the US market, and a Model Bank framework which enables faster, more cost-efficient implementation. Rodrigo Silva, President Americas, Temenos, commented: 'Winning this major award demonstrates the strength and depth of Temenos' US banking capabilities, as well as our continued investment in this strategic growth market, which is helping to drive innovation in the US banking industry. With its advanced functionality, US-specific capabilities and flexible deployment options, Temenos is a compelling choice for US financial institutions.' Temenos has further strengthened its commitment to innovation for the US market with the announcement of a new Innovation Hub in Central Florida. This modern, collaborative space will be home to around 200 technology and product developers, enabling co-innovation with US financial institutions and fueling cutting-edge research and development for US-specific solutions. Investing around 20% of revenues in R&D, Temenos continues to enhance its core banking suite. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster. The tool makes it easier for banking employees to access the full breadth of Temenos' core banking functionality in a simple, conversational way. This builds on Temenos' existing leadership in AI, with its launch of the first Responsible Generative AI solutions for core banking in 2024. Temenos was also named a Leader in the IDC MarketScape for North America Digital Core Banking Platforms 2024 Vendor Assessment and in the The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024. CONTACT: Scott Rowe Temenos + 44 (0) 20 7423 3857 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
