ZYNLO Bank (ZYNLO), a digital-only startup powered by PeoplesBank, has launched its banking service in Anchorage, Alaska. Founded earlier this year, ZYNLO describes itself as a digital-only bank designed to make banking just a bit easier for all consumers.
“We believe we offer the ideal combination of convenience – with banking services available in the palm of your hand 24/7, and security – with all deposits 100% insured through our relationships with the FDIC and the DIF.”
While sharing more details about the launch in Anchorage, Tom Senecal, President and CEO of PeoplesBank, stated:
“Our assessments indicated that a digital bank offering, backed by the security of a community bank, would be an advantage to consumers in Anchorage. We are also a bank that values environmental sustainability, having built three LEED-certified banking centers. Digital banking is probably the most environmentally friendly banking solution that we have been able to offer to date.”
Senecal further explained that several factors stood out that made Anchorage an ideal digital banking launch market, including its significant levels of higher education, as well as, the median age of 33.2, which may mean a significant portion of its population is theoretically predisposed to digital banking. Senecal then added:
“We know that a digital bank is not for everyone,” noted Mr. Senecal. “Yet, for those with busy lifestyles looking for a way to manage their finances with ease, we feel that ZYNLO is the answer. And, its digital efficiencies allow us to, in turn, offer additional customer benefits like Zyng and Early Pay.”
ZYNLO is currently only offered to customers in Anchorage, Alaska, and Madison, Wisconsin.