FINBOA Named "Tech of the Future" Winner of 2024 PayTech Awards USA
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HOUSTON, Oct. 3, 2024 ~ In the world of financial technology, FINBOA Inc. has been making waves with its intelligent process automation for regulatory compliance in financial institutions. This leading provider was recently recognized for its groundbreaking innovation and industry leadership by being selected as the "Tech of the Future" award winner in the 2024 PayTech Awards USA program.

The PayTech Awards USA program shines a spotlight on companies that are shaping the future of payments. The "Tech of the Future" honor is given to a technology provider that is defining the future of payments through genuine innovation, using emerging technologies, and reimagining processes. FINBOA's Payment Disputes solution has been instrumental in enabling over 225 U.S. banks and credit unions to digitize and automate their payment disputes processing.

As a compliance process automation tool, FINBOA's solution helps financial institutions meet banking regulatory requirements, specifically when it comes to payment dispute processing such as Reg E and Reg Z. This recognition from PayTech USA Awards highlights FINBOA's commitment to transforming payment dispute management through workflow automation designed specifically around banking compliance requirements.

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Raj Singal, CEO and Founder of FINBOA, expressed his gratitude for receiving this prestigious award. He stated, "The entire FINBOA team is honored to receive the PayTech USA Award highlighting technology that is defining the future of payments and reimagining dispute processing." Singal also emphasized how this award underscores the unique value that FINBOA's Payment Disputes solution provides in streamlining payment dispute management while ensuring compliance with regulatory requirements.

One of the key benefits of FINBOA's Payment Disputes solution is its ability to improve the account holder experience in four crucial areas. These include digitizing dispute intake to reduce errors and improve accuracy, enabling remote intake of new dispute claims, improving communication with account holders by providing more accurate dispute information, and automating account holder notification to help financial institutions meet regulatory requirements for timely communication.

With this recognition from the PayTech USA Awards, FINBOA continues to solidify its position as a leader in the financial technology industry. Its innovative solutions are not only transforming payment dispute management but also setting the standard for the future of payments.
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