NYMBUS teams up with NYDIG to offer a new age of Bitcoin Banking
By Pavithra R
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.
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