Valley National Bank on Monday announced a new partnership with technology firm Infinant to leverage the company’s Interlace platform and significantly enhance the bank’s Partner Banking business.
The collaboration will enable Valley Bank to combine its extensive experience in payments and risk management with Infinant’s modern, real-time embedded finance capabilities. This integration aims to offer fintech partners best-in-breed solutions designed to help them scale and grow.
The selection of Infinant followed an extensive search focused on providing Valley’s customers with a unique combination of cutting-edge technology backed by the robust risk management and deep payment processing experience of a large regional bank.
“Our relationship with Infinant signifies our commitment to modernizing and innovating for the benefit of our customers,” Russell Barrett, senior executive vice president and chief operating officer at Valley Bank said. “Infinant provides Valley and our fintech partners with differentiated capabilities, complementing our strong culture of risk management and robust balance sheet.”
Infinant’s Interlace platform is a cloud-based solution that allows banks to launch and scale their deposit and payment programs while integrating seamlessly with their existing core banking systems. Critically, the platform ensures the bank maintains complete control of the ledger, operations, and compliance.
Riaz Syed, CEO and Founder of Infinant, commented on the strategic importance of the collaboration: “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.”
This partnership is a key component of Valley’s overall platform modernization strategy, reinforcing its relationship banking mission and commitment to delivering industry-leading service and capabilities.
