David Mitchell, President of NYMBUS

Revenue and technology solutions company, NYMBUS, has announced that its NYMBUS SmartLaunch product has been selected by Pacific National Bank (PNB) in a bid to outsource its new digital-only bank’s technology infrastructure and operations. The new digital bank targets the young professionals of Florida and will facilitate seamless online and mobile banking experience to the same.

“While the business benefits to innovate with a digital-only bank are clear, we needed a strategy to quickly build and operate the platform while staying fully committed to our established and loyal customer base,” said Carlos Fernandez-Guzman, CEO at Pacific National Bank. “In less than 90 days, and without disruption or cost to our existing bank infrastructure, SmartLaunch will provide all of the necessary technology, resources and digital marketing support to ensure our digital bank gets maximum exposure to reach and acquire a new audience of tech-savvy young professionals.”

According to the supplier, NYMBUS SmartLaunch will enable PNB to pursue new digital customers and deposit growth. It aims to facilitate the new digital bank with an advanced onboarding system, internet banking and mobile banking presence.

NYMBUS SmartLaunch is a Banking-as-a-service that aims to outsource the bank’s operations and eliminate the need to hire new resources by financial institutions, thereby providing them with a competitive digital-only bank experience. SmartLaunch is built on NYMBUS’digital-first SmartCore platform.

“SmartLaunch levels the playing field for banks and credit unions of all sizes to immediately innovate and compete,” said David Mitchell, President of NYMBUS. “We’re excited to add PNB to our list of partners, allowing them to focus on their core business while NYMBUS handles the entire back-office, operations and world-class digital marketing support to get its new digital-only bank up and running quickly.”

Recently, MOXY Bank and Inspire Federal Credit Union selected NYMBUS to transform their product and service offerings.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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