back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

NYMBUS selects Red Hat OpenShift for its digital banking services

By Megha Bhattacharya

March 19, 2021

  • America
  • Nymbus
Share

nymbusOpen-source solution provider Red Hat announced that NYMBUS has established Red Hat OpenShift as the cloud platform for its digital banking ecosystem. The integration is expected to enable the company to help its customers, including community banks and credit unions, accelerate their digital transformation initiatives using innovative and flexible Software-as-a-Service (SaaS) solutions.

Richard Harmon, vice president and global head of financial services, Red Hat said, “Cloud technology is reshaping the way banking services are created and delivered in our digital world. It is providing service providers the ability to quickly adapt to market changes and make it easier for community banks and credit unions to consume new software. We are excited to work with NYMBUS to bring the innovation of open source and cloud technology to the market. NYMBUS truly embraces the open source way of working, and we are looking forward to contributing to their success.”

NYMBUS’ solution can be deployed in any cloud that the customer wishes to use, enabling the end-to-end launch of an entire bank running on OpenShift. According to the company, it selected OpenShift to power all of its digital banking services for the security features, reliability and efficiency of the application and data environment it provides. The solution enables NYMBUS to extend its existing multi-cloud strategy for banking across any combination of public or private clouds, allowing customers to leverage any preferred cloud without being cloud-dependent.

Jeffery Kendall, Chairman & CEO, NYMBUS said, “The COVID-19 pandemic has changed the way we bank, possibly forever. It provided the push for local banks and credit unions to establish more secure, flexible, end-to-end digital banking solutions. With Red Hat, our partner financial institutions are now granted greater freedom of choice with their cloud strategy and the multi-cloud uptime that is critical for the banking industry.”

Recently, NYMBUS announced raising $53 mn in Series C funding led by existing investor Insight Partners. The FinTech is planning to leverage the finance to empower FIs with expanded access to its unique GROW model, which creates new digital revenue streams for banks and credit unions.

Previous Article

March 19, 2021

Future FinTech partners with Shenzhen SOSOB Technology

Read More
Next Article

March 19, 2021

State Department FCU migrates IT infrastructure to Jack Henry Private Cloud

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 12, 2022

America

The Weekly Wrap: all you need to know by Friday COB | August 12th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 12, 2022

Synctera announced the appointment of Yvette Butler to its Board of Directors

Read More

August 12, 2022

Great Southern Bank drives digital transformation with Fiserv

Read More

August 12, 2022

ANZ New Zealand selects FIS’s modern banking platform

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022