Centier Bank has gone live with NYMBUS SmartLaunch to support the development, launch and operations of its mobile app Billinero.
The move is aimed to support the growth of its digital service and gain new customers without leveraging existing banking infrastructure.
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NYMBUS SmartLaunch is a Banking-as-a-Service business model that enables transferring all operations of a digital bank to a NYMBUS team.
It is developed on the NYMBUS’ SmartCore platform and integrates with existing banking technology.
Also, the process does not require any additional staff to monitor it.
NYMBUS president David Mitchell said: “Emerging digital banks and mobile banking experiences continue to disrupt the market as more financial institutions recognize these new opportunities for revenue protection and growth.
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By GlobalData“The time to act is now, but few organisations have the modern, agile technology or trained staff to quickly succeed. By outsourcing with SmartLaunch, these obstacles are instantly and affordably resolved.”
Centier Bank is one of the largest family-owned banks based in Indiana. The lender manages around $4.5bn in assets and operates 62 branches in the state.
Centier senior partners Chris Campbell: “By partnering with NYMBUS, we have been able to launch Billinero for expansion and growth without compromise or risk to our established infrastructure.
“Only SmartLaunch delivers the open architecture and outsourced support that has allowed us to go into new markets more quickly, and SmartLaunch also has offered world-class digital marketing expertise to promote Billinero in 11 states which allows us to expand our footprint beyond our existing markets.”
