Rynoh announced a partnership with BankUnited Inc. that includes the integration of Rynoh’s financial management platform with BankUnited’s banking infrastructure to deliver wire transfer management and other financial operations. The integration will allow users to allocate incoming wires to the correct ledger, initiate wire transactions directly within Rynoh and implement customizable security settings for approvals.
“Partnering with BankUnited allows us to offer our clients a streamlined, secure and efficient approach to managing financial operations,” Rynoh General Manager Jim Weld said in a release. “We are excited to work with a trusted institution like BankUnited to deliver solutions that empower businesses to succeed.”
A BankUnited leader said this collaboration is one example of how the company finds innovative ways to conduct business.
“At BankUnited, we are always seeking ways to innovate and support our clients’ growth,” BankUnited Executive Vice President Brett Shulick said. “Our partnership with Rynoh will help further our mission to deliver cutting-edge financial solutions that simplify processes and provide businesses with the tools they need to operate more effectively.”
The Rynoh banking integration offers these workflow features:
- Allocate incoming wires to the correct ledger and initiate outgoing wire transactions directly within the Rynoh platform.
- Search incoming wires by trust account, received date, amount, status, federal reference number or ledger ID.
- Designate specific users as “approvers” for outgoing wires, with customizable approval limits to ensure compliant processing.