Synovus today announced the introduction of Synovus Accelerate™ FX, an end-to-end, innovative FX solution to drive the expansion of international banking services. Synovus Accelerate FX provides foreign exchange payments and trading services with convenient access and management through the Synovus Gateway℠ commercial banking portal. Synovus Accelerate FX is supported by Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and BaaS. Finzly is also an innovator in payments processing, offering a payment hub that is readily connected to all domestic and international payment networks.

"With Synovus Accelerate FX, we’re excited to continue organizational investment and active expansion of our treasury management business and bring friction-free customer journeys through a robust tech stack at the bank," said Katherine Weislogel, head of treasury and payment solutions at Synovus. "Offering world-class global treasury solutions, Synovus Accelerate FX and international payments are at the forefront of our transformation initiatives. Synovus Accelerate FX anticipates the rapidly evolving requirements of organizations to accelerate foreign exchange and payments, improve the cash conversion cycle and make better business decisions."

Synovus Accelerate FX enables a modern, cloud-native, API-first platform for clients to manage their international banking needs and foreign currency exposure. Using a self-service web portal, clients can safely and securely transact their foreign exchange quickly, easily and cost-efficiently without requiring an interaction with a banker. Additionally, the platform offers multicurrency accounts to purchase foreign currencies in bulk, making it easy for businesses to send and receive payments overseas regularly. Synovus clients also benefit from convenient features, including payment initiation, self-administration of internal users, permissions and limits.