back Back

NYMBUS teams up with NYDIG to offer a new age of Bitcoin Banking

By Pavithra R

February 08, 2021

  • America
  • Nymbus
Share

Nymbus, a leading provider of banking technology solutions, has announced partnering with NYDIG to help FIs expand their digital capabilities by offering Bitcoin products and services to customers.

A recent NYDIG consumer survey revealed that over 22% of U.S. adults over the age of 18 own Bitcoin today. The market is witnessing increased adoption representing a massive opportunity for banks and credit unions to engage and support this digital-savvy audience. However, most institutions do not have the technology infrastructure or regulatory expertise to innovate quickly enough.

Nymbus is levelling the playfield by providing FIs of any sizes to deliver Bitcoin solutions as part of its integrated banking technology suite. The offering will be powered by NYDIG’s Bitcoin platform and will provide a frictionless client experience that meets the highest regulatory, audit and governance standards.

“The new era for financial institutions is about leveraging digital to drive revenue and profitability, and it is a myth that challengers own this space. With the right tools, processes and technology partners, there is nothing preventing traditional banks and credit unions from achieving next-generation growth. We’re proud to work in partnership with NYDIG to deliver Bitcoin to banks and credit unions, and to deliver impactful innovation that is achievable at a pace previously unseen by the traditional institution,” said Jeffery Kendall, CEO of Nymbus.

The partnership is expected to help more banks and credit unions support consumers’ evolving digital banking needs.

“As a notable advocate for financial institutions, Nymbus stood out as a partner to take our vision for Bitcoin and banking to the next level. As a former banker and technology evangelist, I couldn’t be more excited to bring Bitcoin and banking together, and I see it as a win/win. Consumers win by gaining the ability to custody Bitcoin through their trusted financial partner, and the financial institution is able to earn meaningful non-interest income. We look forward to working with Nymbus and their customers to usher in a new age of banking,” said Patrick Sells, Head of Bank Solutions at NYDIG. 

Founded in 2006, NYMBUS enables financial institutions to digitally transform their businesses with its core platform and full-service standalone digital bank alternative. The NYMBUS SmartBanking suite, which includes its flagship digital technology products from SmartCore, SmartEcosystem, SmartDigital, SmartPayments to SmartLaunch, a full-service and standalone digital bank alternative to assist financial institutions in its digital transformation.

Previous Article

February 08, 2021

Barclaycard Payments appoints Harshna Cayley as MD, Head of Product Gateway

Read More
Next Article

February 08, 2021

Splitit signs deal with Goldman Sachs on US$150Mmn revolving credit facility

Read More








IBSi Daily News Analysis

Saudi Arabia, banks,

February 26, 2024

America

UAE banking pulse: robust growth and profitability signal positive outlook

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

Today

Tink to join Europe’s SEPA Payment Account Access scheme

Read More

Today

Vietnam International Bank, Temenos & AWS to drive digital banking innovation

Read More

Today

Dyce Energy renews partnership with GoCardless for direct debits

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
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 2023