Valley Bank launches innovation platform powered by NayaOne

By Delisha Fernandes

Valley National Bank, a principal subsidiary of Valley National Bancorp, has launched an innovation platform to accelerate and enhance its collaboration with FinTech companies to meet the needs of its customers.

Advancements in technology are raising customer expectations for financial products and services. With customers now having more options than ever, financial institutions’ cost of inaction has substantially increased. The company’s platform is designed to embrace technological change and deliver customer experiences through partnerships with FinTech companies.

Powered by NayaOne, the platform is already integrated with the products and services of hundreds of FinTech companies through a simple and intuitive onboarding process.

It also provides a set of tools to create and apply synthetic data, allowing Valley and its FinTech partners to test drive new solutions at pace within a safe, structured, and separate sandbox environment.

Stuart Cook, Chief Innovation Officer for Valley Bank, said, “This platform shows how regional and community banks can access and leverage FinTech products and services to meet and even exceed customer expectations through partnerships. Valley is committed to inventing on behalf of our customers while supporting an amazing network of FinTech partners. With this launch, we are deploying a more efficient design-and-test process, which will ultimately help us reduce the time-to-market to deliver new solutions.”