NYMBUS, a U.S. financial service platform provider, announced on Monday that PeoplesBank has gone live with NYMBUS SmartLaunch to outsource the technology and remote full-service operations of its digital-only bank, ZYNLO. As previously reported, 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.”
NYMBUS revealed that through the collaboration, it provides all of the technical and operational resources required to run and market ZYNLO. Speaking about the collaboration, Brian Canina, CFO of PeoplesBank, stated that NYMBUS was the only company to provide he and his team with a comprehensive strategy to quickly introduce ZYNLO’s efforts:
“Backed by and running in parallel to our established institution with 135 years of experience in creating satisfied customers, ZYNLO delivers the ideal combination of digital banking convenience and security that today’s consumers depend on.”
Previously, PeoplesBank selected NYMBUS to unify key aspects of the larger bank’s onboarding and CRM. The extended partnership with ZYNLO now supports PeoplesBank’s dual transformation strategies for business growth. Jeffery Kendall, CEO of NYMBUS, added:
“The approach for banking innovation needs to involve less time and cost. Without disruption, NYMBUS is helping PeoplesBank and other partners to quickly and successfully modernize their existing institution while also innovate with new, dynamic digital banking experiences.”