Nymbus signs partnership with Payrailz
Banking technology firm Nymbus has announced a partnership with digital payments company Payrailz.
The two firms will work collaboratively to enhance Nymbus’s cloud-based digital banking products.
Nymbus will offer Payrailz’ digital billing and payment management solutions as part of its integrated ecosystem.
“COVID-19 has accelerated the speed of transformation required for financial institutions to remain relevant,” says Scott Killoh, Nymbus CEO.
“Contactless payments are on the rise and seamless digital services have never been more necessary.”
Nymbus completed a $12 million raise last month in a funding round by shareholders Insight Partners and Vensure Enterprises.
The focus of the new capital is on “rapid market penetration” for the vendor’s SmartEcosystem digital banking platform.
Payrailz claims to use artificial intelligence and machine learning to provide “predictive and proactive” payment experience.
“We are pleased that after an extensive search for a new digital payments partner that the Nymbus team selected Payrailz,” says Fran Duggan, CEO of the firm.
“We look forward to working in partnership together to enable more banks and credit unions to bridge the gap in their banking relationships with fast, smart and engaging payment experiences.”