Pennsylvania-based Inspire Credit Union has selected Nymbus’s SmartCore core banking system, as well as a supplementary suite of digital and payments platforms.

Inspire, which holds around $165 million in assets, has a membership numbering 15,000. According to CEO Jim Merrill, the credit union will be eliminating the need for 15 separate technology vendors by switching to Nymbus.

“In order to deliver the enhanced experience and competitive, digital financial products our members ask for, it was clear our legacy core was setting us up to fail,” said Merrill.

“Its inflexibility required us to engage with too many different vendors, leading to a host of workflow issues and member experience challenges.”

Nymbus president David Mitchell added; “Today’s financial institutions risk extinction if they don’t adapt to the disruption of digital innovation.

“Inspire has recognized the scale of this disruption and embraced a digital-first view of banking. We are incredibly excited to help Inspire transform its operation, which will ultimately lead to greater growth.”

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by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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