CSI, Dragonfly Financial Technologies Announce Partnership to Expand Business Banking, Cash Management Capabilities
CSI, a nationwide provider of end-to-end fintech and regtech solutions, announced today it has finalized a partnership with Dragonfly Financial Technologies (Dragonfly), a digital banking and treasury management FinTech, to leverage Dragonfly’s Universal Online Banker platform.
The strategic partnership will enable more than 20 types of automated clearing house (ACH) transactions, positive pay and reverse positive pay services, sweep accounts, and expanded domestic and international wire functionality. Financial institutions have the flexibility to either adopt CSI’s entire cash management solutions suite or select individual modules and functionality, allowing them to customize their offerings based on specific use cases and customer needs.
“We are thrilled about this partnership with Dragonfly, as it allows us to deliver enterprise-level business banking solutions to our customers,” said David Culbertson, CEO and president of CSI. “The versatility of this partnership allows us to deliver a more comprehensive solution that meets each customer’s needs. Institutions requiring greater controller access as well as institutions that need a niche type of cash management solution, will each have the ability to compete and acquire more business accounts.”
The combination of CSI’s open banking integration capabilities and Dragonfly’s industry-leading expertise in digital-first business banking allows CSI to service a greater portion of the cash management market.
“We are excited to partner with CSI and provide our Universal Online Banker platform to CSI customers,” said Johan Roets, CEO of Dragonfly Financial Technologies. “Universal Online Banker will improve the commercial banking customer experience, increase customer satisfaction and help CSI’s customers grow their deposits and revenue.”
Dragonfly is a market leader in cloud-based composable digital business banking, servicing more than 40 banks and financial services customers worldwide including four of the top 10 U.S. banks. Its Universal Online Banker platform, including Dragonfly Digital, Dragonfly as a Service and FinTech Integration Center, helps banks initiate payments, collect money owed and manage financial positions and operations for their business customers.
Dragonfly’s Universal Online Banker was named a leading contender by Aite-Novarica Group in 2023 and won a pair of Silver Stevie® Awards for “Achievement in Management – Financial Services” and “Startup of the Year – Business Services Industries” at the 21st Annual American Business Awards®.
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