Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12).
In a press release, Avidia said it will soon on-board to real-time payments via The Clearing House, adding to its existing faster payment support that enables P2P and C2B payments via payment cards. Offering real-time payments as well as a range of APIs will enable Avidia to expand its offering to FinTechs that want to integrate faster payment capabilities into their own solutions. The APIs enable FinTechs to customize financial services offerings to their corporate partners, the bank said.
“We understand that [FinTechs] have very unique needs when it comes to building and managing their businesses,” said Avidia Bank COO and EVP Robert Conery in a statement. “As a niche bank dedicated to innovation, Avidia Bank is nimble enough to deliver the payment and banking services and compliance expertise they require, but with a level of personal service that’s difficult to find today.”