#USA #New York #Process Automation #Banking Tech #FINBOA Treasury

FINBOA Treasury Onboarding Earns Prestigious Distinction

FINBOA, Inc., renowned for its innovative process automation solutions in the financial sector, has recently been honored at the 2026 Banking Tech Awards. The company's Treasury Onboarding platform received a 'Highly Commended' recognition in the Best-as-a-Service Solution category, highlighting its effectiveness in overcoming longstanding challenges within the banking industry's onboarding processes.

The awards ceremony, held in New York City, showcased the most disruptive innovations in financial technology, placing FINBOA in esteemed company alongside other leading fintech companies. The special recognition emphasizes the need for modernization within financial institutions to confront the inefficiencies of manual onboarding procedures. Traditionally, these processes were cumbersome and time-intensive, often taking several weeks and requiring comprehensive IT system overhauls.

The FINBOA Treasury Onboarding platform, powered by cloud-native technology, addresses these challenges head-on. Key features include:

• - Zero-Integration Deployment: This enables financial institutions to seamlessly update their workflows without interference with existing legacy systems.
• - Rapid Time-to-Value: FINBOA’s solution enables a complete digital implementation in a notably swift timeframe, with reports of onboarding being completed in as little as 60 days.
• - Accelerated Capital Flow: The platform streamlines the account activation process, significantly reducing administrative delays affecting both bank personnel and corporate clientele alike.

Raj Singal, the CEO of FINBOA, expressed pride in receiving the 'Highly Commended' distinction, linking their recognition to their dedication to simplifying complex banking operations. "This accolade not only honors our efforts but also validates our commitment toward enhancing the customer experience in banking. Our collaboration with First Oklahoma Bank exemplifies this transformation; their Treasury Onboarding workflow was fully digitized in just two months, making a tangible difference in their operations," said Singal.

Kristy Smith, Senior Vice President and Senior Operations Officer at First Oklahoma Bank, shared her insights on the benefits of FINBOA’s solution, stating, "With FINBOA's Treasury Onboarding, we can streamline our customer onboarding process significantly. This means our sales team can concentrate on generating business rather than bogging down in administrative tasks. Improving speed translates into better cash flow, which is vital for our operational efficiency."

The Banking Tech Awards aim to acknowledge excellence and innovation across the financial services IT landscape, with criteria focusing on exceptional technological service delivery and impact on client operations. The final outcomes of the awards were revealed at a gala event on May 28, 2026, amplifying FINBOA's position as a key player in the marketplace.

About FINBOA

FINBOA is committed to providing advanced intelligent process automation solutions tailored for banks, credit unions, and other service providers. Their offerings include systems designed to streamline compliance processing by phasing out outdated manual modalities. Additionally, they maintain a strong client base of over 500 financial institutions across the United States, dedicated to transforming operational efficiency and enhancing profitability.

To learn more about FINBOA and their groundbreaking solutions, visit their official website at www.finboa.com or follow them on LinkedIn and other social media platforms.