Nymbus signs Plaid partnership deal to boost client onboarding
Cloud core banking firm Nymbus has signed a partnership deal with open banking provider Plaid.
Nymbus is aiming to improve client onboarding
Through the deal, Nymbus bank and credit union customers will gain the ability to securely onboard new users “in a matter of seconds”.
The two firms say the tie-up will improve user identity verification, streamline transfers, access and analyse data, and validate real-time balances.
Plaid claims its data network can connect consumers to accounts at more than 11,000 institutions and 5,000 digital finance apps.
“As more consumers than ever before rely on digital finances for their everyday lives, financial institutions need to meet their customers where they are,” says Sarah Howell, chief alliance officer at Nymbus.
“Our expanding network of partners are important contributors to Nymbus’ combined portfolio of the technology, people, and process.”
Since Visa and Plaid called off their $5.3 billion merger in January, the open banking firm has raised $425 million in new Series D funding, and signed an API integration deal with US Bank.
Nymbus has made its own moves in the digital space, setting up its credit union service organisation (CUSO) and signing an online and mobile banking integration deal with Vystar Credit Union.
