VyStar Credit Union in the US has selected Nymbus as its online and mobile banking solution partner.
The latest collaboration builds on an existing partnership that began earlier this year after VyStar invested $20m in Nymbus’ credit union service organisation (CUSO).
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With the collaboration, VyStar seeks to bolster its footprint and fuel member growth amid increasing competition.
VyStar Credit Union Digital Experience senior vice-president Joe Colca said: “Our commitment to providing industry leading capabilities led us to Nymbus and its breakthrough digital offerings, which will deepen VyStar’s connection and value to members.
“Our previous investment already demonstrated our confidence in Nymbus. We’re now proud to lead by example for other credit unions seeking a trusted fintech partner to implement sophisticated technology, people and processes to offer progressive products and member experiences.”
With assets of around $12bn, VyStar is the second-largest credit union headquartered in Florida. It has more than 770,000 members.
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By GlobalDataNymbus delivers banking technology services to banks and credit unions.
Commenting on the new collaboration, Nymbus CUSO president John Janclaes said: “We’re thrilled VyStar has financially and now technologically invested in Nymbus’ mission to connect credit unions with trusted fintech offerings that generate growth while deepening member connections.”
Earlier this year, Nymbus selected Red Hat cloud platform for its digital banking ecosystem.
