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Nymbus introduces Plaid partnership

Integration will streamline customer onboarding for financial institutions and help meet customer demand for connecting to digital finance apps

JACKSONVILLE, FL (July 27, 2021)NYMBUS®, a leading provider of banking technology solutions, today announced a partnership with Plaid, a data network powering the digital financial ecosystem, to more instantly authenticate and fund customer bank accounts for financial institutions. With this integration, Nymbus bank and credit union clients can securely onboard new users in a matter of seconds, which translates to more active and engaged banking experiences.

Plaid’s data network enables consumers to connect their financial accounts at over 11,000 institutions globally to more than 5,000 digital finance apps, including leading payments, investing and budgeting tools.

Benefits of the Nymbus and Plaid integration for financial institution customers include:

  • Improve user identity verification and reduce fraud.
  • Instantly authenticate and link members’ bank accounts.
  • Streamline ACH transfers between any bank or credit union in the US.
  • Access and analyze comprehensive transaction data.
  • Validate real-time account balances to protect against overdraft and enable
    account pre-funding.

“As more consumers than ever before rely on digital finances for their everyday lives, financial institutions need to meet their customers where they are while supporting safe and reliable money management experiences,” said 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 available to quickly innovate with new routes to market and revenue streams.”


About Nymbus

Nymbus is a leading provider of financial technology solutions, and its platform is used by credit unions and banks of all sizes to innovate and grow. It has disrupted the financial services market as an alternative to legacy technology providers with a cloud-based and highly extensible technology stack. With Nymbus, any size financial institution can quickly launch a full-service digital brand or migrate to our award-winning core. Nymbus buys back decades of lost time to engage and support the entire digital customer journey. For more information about Nymbus, visit www.nymbus.com

Contacts

Allison Netzer
(855) 210-7874
anetzer@nymbus.com

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