Issue 9 2024 | 15 In Canada’s digital financial landscape, most fintech companies are battling against the traditional banking system. This has led to intense competition and limited innovation. But Zūm Rails is changing the game, positioning itself not as a competitor, but as an enabler, pushing banks to adapt or risk falling behind. As fintech continues to evolve, Zūm Rails is seizing the moment, tapping into a vast market that craves innovative financial solutions. At the heart of Zūm Rails’ success is its powerful all-in-one payment platform, designed to simplify the payment process. From seamless onboarding to advanced financial data collection, risk evaluation, and automation, Zūm Rails delivers a native experience that solves real problems for businesses. The platform goes beyond basic transactions, helping clients streamline payments and leverage cutting-edge data to make their operations faster, simpler, and more secure. “What sets Zūm Rails apart is its position as the only true all-in-one payments solution, delivering a faster, safer, and more seamless way to move money—making transactions feel effortless for the user. It’s payments reimagined for the modern world.” Despite being a smaller team, Zūm Rails has fostered a culture that fuels creativity and innovation. Each team member is handpicked for their talent and problem-solving mindset, bringing unique perspectives that contribute to the company’s success. With a fully remote setup, Zūm Rails is focused on delivering results rather than clocking hours, creating a dynamic environment where innovation thrives. Of course, the road hasn’t been without challenges. As Zūm Rails developed new products and integrated them into a cohesive offering, the team faced obstacles along the way. Co-founder Marc Milewski notes, “Our goal has always been to merge open banking with instant payments into a single product, but tying that into the broader banking-as-a-service ecosystem is no easy task.” To stay ahead in this rapidly evolving industry, Zūm Rails is committed to being proactive, not reactive. This forward-thinking mindset led to a strategic partnership with Fiserv, a global leader in financial services. Together, they created a next-generation payment platform that combines a range of services into one easyto-use solution. Payments have long been viewed as mere transactions, separate from the customer experience. But Zūm Rails, Canada’s leading payment solutions provider, is changing the narrative. Recently named Best Open-Banking Payment Software Development Company 2024, Zūm Rails is revolutionizing the industry by tackling the root causes of payment challenges. Their all-in-one platform enhances every stage of the payment journey, empowering businesses and customers alike with seamless, efficient solutions. Where Instant Payments, Open Banking & Banking as a Service Collide “We’ve obtained full authorization as a comprehensive payment facilitator,” says Marc. “This includes everything from card acceptance to real-time payment processing and distribution services. By integrating these features with bank data aggregation, Zūm Rails offers a complete solution for both traditional and modern payment methods, fund disbursements, and advanced KYC and credit scoring capabilities.” While many companies in this space compete solely on price, Zūm Rails operates on a higher level, focusing on being a solutions-first provider that adds true value to its clients. In a market of over 15,000 payment solution companies across North America, only a few can match what Zūm Rails offers. That’s why Marc and the Zūm Rails team are on a mission to educate the market on the future of payments. Looking to shape the future of Canada’s economy, Zūm Rails is already making waves in the U.S. market, and international expansion is on the horizon. As they continue to lead the charge in payment innovation, we celebrate Zūm Rails for delivering Canada’s best payment processing software and eagerly anticipate what’s next as they redefine the future of payments worldwide. Contact: Miles Schwartz Company: Zūm Rails Web Address: https://zumrails.com/
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