Valley National Bank has announced a partnership with Infinant to enhance its partner banking business. The bank will use Infinant’s Interlace platform to improve its payment services and offer more advanced embedded finance options to fintech partners.
Russell Barrett, senior executive vice president and chief operating officer at Valley, said, “Our relationship with Infinant signifies our commitment to modernizing and innovating for the benefit of our customers. Infinant provides Valley and our fintech partners with differentiated capabilities, complementing our strong culture of risk management and robust balance sheet.”
Riaz Syed, CEO and founder of Infinant, added, “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. Our Interlace Platform continues to drive innovation at the scale regional banks need.”
Infinant’s cloud-based Interlace platform helps banks launch deposit and payment programs while maintaining control over their operations and compliance. Over the past year, Infinant has seen increased demand as more banks seek new ways to grow through embedded finance solutions.
Valley National Bank is the main subsidiary of Valley National Bancorp. It holds assets exceeding $63 billion and operates branches in New Jersey, New York, Florida, Alabama, California, and Illinois.
