Centier Bank’s new mobile app Billinero live on Nymbus tech
Finovate special: Nymbus, a US-based banking technology provider, has gone live with its SmartLaunch tech at Centier Bank. The bank has outsourced the customised development and full operations of its new mobile app, Billinero, to Nymbus.
Billinero is a savings account, available digitally and linked to prizes, with a game-like approach. Customers have a chance to win a monthly and quarterly cash prize.
Nymbus says its SmartLaunch solution was chosen “to rapidly grow Centier’s digital service offerings for capturing new market share through Billinero without disruption to its existing bank infrastructure or customer base”. FinTech Futures understands the bank uses CSI’s Nupoint core banking system for its back-office processing.
“Only SmartLaunch delivers the open architecture and outsourced support that has allowed us to go into new markets more quickly,” states Centier’s senior partner, Chris Campbell. The vendor has also offered its digital marketing expertise to promote Billinero in 11 states, he adds, “which allows us to expand our footprint beyond our existing markets”.
Centier is Indiana’s largest private, family-owned bank, with nearly 70 locations across the state and over 900 employees. Campbell says the bank is committed “to bring awareness, and tangible support, for financial education”.
Nymbus describes its SmartLaunch as a Banking-as-a-Service (BaaS) business model that outsources all of the operations required to run a digital bank or fintech app experience – from a customer-facing call centre and back-office operations to targeted digital marketing and website services – to the vendor. Other recent clients include Surety Bank and its new booyah! app, Pacific National Bank with its digital-only offering and TransPecos Bank with its BankMD digital brand.
The offering is built on Nymbus’ own core banking platform, SmartCore, “which bypasses the need to undergo a technology conversion”, the vendor explains. “The legacy operation isn’t disrupted and no additional staff is required.”