Finzly's BankOS Named Finalist in 2026 Money20/20 Money Awards

Finalist selection and timeline

An independent panel of industry experts selected the finalists, according to Finzly. Winners are due to be announced at Money20/20 USA in Las Vegas on Oct. 18.

Finzly's entry is titled "BankOS, The Power of One". The full list of finalists is published on the Money20/20 website.

What BankOS does

Finzly describes BankOS as a modern operating system for bank growth. It runs alongside a bank's existing core and lets institutions launch new capabilities, create new revenue streams and offer modern customer experiences through modular components called Galaxies, which can be deployed as needed.

• Payment Galaxy: unified payments processing across ACH, Fedwire, RTP, FedNow, Swift and blockchain rails.
• Account Galaxy: a real-time 24/7 unified digital and fiat ledger for specialty deposits and virtual accounts.
• Token Galaxy: tokenized money, including stablecoins and tokenized deposits.
• Trade Galaxy: international banking, from FX trading to trade finance.
• Agentic Galaxy: makes the entire platform AI-powered.
• Digital Galaxy: unified experiences across all channels.

Because every Galaxy runs on the same operating system, banks can activate new capabilities without adding new infrastructure, the company says.

A staged path away from the legacy core

Finzly's entry centered on the idea that banks should operate on a unified platform for managing accounts and payments across fiat money and digital assets. Keeping a single source of truth for balances and value movement, the company says, lets banks eliminate reconciliation gaps, simplify operations and build a foundation for future growth.

The company uses what it calls a surround-and-shrink approach. Banks move products, customer segments, channels and payment rails off the legacy core and onto BankOS in stages, instead of attempting a full core rip-and-replace.

As an example, Finzly points to Metropolitan Commercial Bank, which in February 2026 became the first U.S. bank to fully decommission its legacy ACH mainframe. According to Finzly, this step had long been considered too complex for most banks, and the bank now runs Finzly as its primary ACH system.

What the company says

Booshan Rengachari, founder and CEO of Finzly, framed the product as an answer to the cost of replacing a core outright. "We built BankOS so a bank can start moving work off that core in months, one rail or product line at a time, and keep going until the dependency is gone," he said.

He also described the recognition as "a huge achievement for our team", noting that the field included some of the biggest names in banking.

What it means for banks

The finalist listing puts the focus on banks that want to add payments, tokenized money and AI features without replacing their core systems in one step. Whether BankOS wins will be known when the awards are announced at Money20/20 USA. For now, the nomination is a third-party selection by an expert panel, while the performance and benefits of the platform described here are Finzly's own claims.