Nezz, a fintech specializing in settlement infrastructure for high-value transactions, announced that Priority
Nezz, a fintech specializing in settlement infrastructure for high-value transactions, announced that Priority, a payments and banking technology company, will provide the underlying banking and account capabilities for its platform.
Priority supports banks, fintechs, and businesses with embedded payments and banking infrastructure, processing more than $150 billion in transaction volume annually.
Currently, large-value transactions often rely on fragmented systems, such as wires and manual reconciliation, which offer limited visibility into funds in transit. These gaps create delays, operational friction, and added risk, and can leave capital idle and interest unallocated while money is in motion.
Read More on Fintech : Global Fintech Interview with Baran Ozkan, co-founder & CEO of Flagright
Nezz addresses these inefficiencies by consolidating payments, verification, and transaction workflows into a single system. Through this partnership, companies onboard to accounts provided via Priority’s regulated banking infrastructure. Funds remain within those partner bank accounts and move only based on instructions defined by the transacting parties, enabling account-to-account transfers without third-party escrow.
“We’re making high-value transactions faster and more certain by embedding settlement logic directly into the payment flow,” said Brandon Gallagher, CTO/Co-founder, at Nezz. “By partnering with Priority, we provide businesses with the control and clarity they need to move significant capital with confidence.”
Nezz is initially targeting the U.S. market, where the expansion of real-time payment rails – such as The Clearing House’s RTP and the Federal Reserve’s FedNow – is driving demand for secure, automated alternatives to legacy manual workflows.
Catch more Fintech Insights : Real-Time Payments and the Redefinition Of Global Liquidity
[To share your insights with us, please write to psen@itechseries.com ]
