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PeoplesBank goes live with NYMBUS SmartLaunch

By Megha Bhattacharya

October 20, 2020

  • Nymbus
  • Peoplesbank
  • USA
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Banking technology solutions provider, NYMBUS recently announced that PeoplesBank has gone live with the former’s SmartLaunch. The partnership is expected to boost technology and remote full-service operations for PeoplesBank’s new digital-only bank ZYNLO.

ZYNLO has been developed to simplify the banking experience and offer a range of digital financial products and services. NYMBUS is expected to provide all of the technical and operational resources required to run and market the new digital bank.

ZYNLO also offers Zyng, a benefit that rounds up debit card purchases to the nearest dollar and deposits the difference into the customer’s savings account. Early PayDay, another offering, gives customers access to their direct deposit funds up to two days in advance of deposit into their account. An alert feature is also offered on ZYNLO accounts that provides customers with daily balance information as well as upcoming scheduled payments notifications.

“Only NYMBUS provided us a comprehensive strategy to quickly introduce a new digital-only effort,” said Brian Canina, Chief Financial Officer of PeoplesBank. “Backed by and running in parallel to our established institution with 135 years of experience in creating satisfied customers, ZYNLO delivers the ideal combination of digital banking convenience and security that today’s consumers depend on.”

NYMBUS stated that  SmartLaunch provides bundled technology, complete operational support, and full-service digital onboarding, marketing and integrated CRM solutions to stand up a fully-outsourced digital bank in 90 days or less. The module is an extension of the cloud-based SmartEcosystem that unifies the required banking functions into a single ecosystem.

“The approach for banking innovation needs to involve less time and cost,” said Jeffery Kendall, Chief Executive Officer of NYMBUS. “Without disruption, NYMBUS is helping PeoplesBank and other partners to quickly and successfully modernize their existing institution while also innovate with new, dynamic digital banking experiences.”

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