Nymbus promises bank digitisation in under 90 days with SmartLaunch
Built on Nymbus’ SmartCore platform, SmartLaunch allows banks to set up a turnkey digital banking solution in as few as 90 days. The new offering grants banks access to technical resources, targeted digital marketing, website services, AML/BSA compliance, debit card issuance and management, and workflow management.
“The race is on to capture today’s digital banking customers, but legacy technology, operational risk, and a lack of resources and expertise make it difficult for financial institutions to deliver the exceptional Amazon-like experience consumers have come to expect,” says Nymbus’ president David Mitchell.
Banks can choose to launch the digital banking capabilities under their own brand or create a standalone, digital-only brand that targets a specific customer segment. In creating digital services, SmartLaunch helps banks expand consumer reach and increase cross-selling opportunities.
“Digital banks are a profitable strategy, but Nymbus recognised that a new model was needed to eliminate operational risk while also attracting more of today’s digital-savvy consumers,” Mitchell says. He describes SmartLaunch as a “sign and recline” alternative to a core conversion that doesn’t require hiring additional staff.
Nymbus offers four products in addition to SmartLaunch, including SmartCore, a digital-first core data processing platform; SmartDigital, a core agnostic digital integration platform launched last fall; SmartPayments, an integrated real-time payments suite, and SmartServices, a service that allows banks to tap into the knowledge of the Nymbus team.
Most recently, Nymbus completed its SOC 2 Type 1 Certification, an audit of the company’s security protocol.