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.

PeoplesBank and Nymbus expand partnership with Core Banking upgrade

By Edlyn Cardoza

October 22, 2021

  • API Banking
  • Digital Transformation
  • FinTech
Share

Nymbus, PeoplesBank, Nymbus Core, ZYNLO, Massachusetts, USANYMBUS®, a leading provider of banking technology solutions, recently announced that PeoplesBank has selected the company to modernize its core banking platform in order to best serve the institution’s customers and support continued growth.

Headquartered in Holyoke, Massachusetts with assets exceeding $3.6 billion, PeoplesBank will convert its core banking system over to Nymbus’ single API-first solution that brings new digital products and services to market faster. In choosing Nymbus Core, PeoplesBank gains a proven foundation for meaningful, long-term innovation while simplifying back-end processes to improve efficiencies and drive revenue growth.

In 2020, PeoplesBank partnered with Nymbus to stand up and grow a separate digital-only bank for expanding the institution’s digital reach and engage new loyal customers. Designed to simplify the banking experience with an array of products and tools that empower Millennials to reach financial freedom, ZYNLO has grown nearly 2000% in account openings since its launch.

“Based on our experience, Nymbus is the undisputed fintech partner for top to bottom business transformation,” said Thomas Senecal, President and CEO of PeoplesBank. “Our collaboration on ZYNLO allowed us to quickly compete outside traditional boundaries and capture new market opportunities. Now with the rebuild of our larger bank infrastructure, Nymbus’ modern core engine will help us provide innovative and cutting-edge digital banking services faster and at a lower cost for customers well into the future.”

Furthered Jeffery Kendall, Chairman and CEO of Nymbus: “Digital is not a destination but the journey from where banks have been to where they want to go, and Nymbus is committed to taking that journey with each of our partner institutions. We’re excited to get started on this next phase of PeoplesBank’s digital transformation, and honored to serve a key role in their short and long-term growth.”

Recently, IBS Intelligence reported that NYMBUS, announced the successful conversion of TransPecos Banks, SSB from its legacy core system over to Nymbus.

Previous Article

October 22, 2021

5 apps to consider for micro loans this festive season

Read More
Next Article

October 22, 2021

TopSource Worldwide selects Ebury for international payroll payments

Read More










IBSi Daily News Analysis

wealth management

August 16, 2022

API Banking

Self-employed struggle to access financial services. What can FinTech do?

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

Al-Ataa Islamic Bank selects ICS Banks Islamic platform from ICSFS

Read More

Today

North International Bank partners with Temenos to launch a BaaS platform

Read More

Today

FIS Banking Solutions Group announces John Durrant as President

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