Kaiperm Diablo FCU chooses Nymbus core banking system
California-based Kaiperm Diablo Federal Credit Union has selected Nymbus’ SmartCore core banking system as part of its technology revamp.
Leslie Chan, chairman, board of directors, Kaiperm Diablo FCU, says: “Only Nymbus was positioned to deliver the technology innovation with the speed, agility and urgency we required.”
SmartCore is supplied on a hosted basis, and will be delivered in Kaiperm Diablo FCU’s private cloud.
An end to tradition
This new deal follows Chrome Federal Credit Union (formerly Washington Community Credit Union) becoming the first known taker of SmartCore in 2016.
Nymbus’ SmartCore is a brand new core banking system, brought to market in 2015. It is aimed at the domestic credit unions and community banks.
The vendor is keen to take on the well-entrenched, traditional players in the US market, such as FIS, Fiserv, Jack Henry and D+H Corporation.
Since 2016, Nymbus has inked a number of partnerships with other fintech companies and has also made several acquisitions.
