Pacific National Bank (PNB) has chosen NYMBUS SmartLaunch to outsource the technology infrastructure of its digital bank.

Built on the digital-first SmartCore platform of NYMBUS, SmartLaunch eliminates the requirement to carry out technology conversion to offer digital banking and does not disrupt legacy operation.

Moreover, PNB does not need to increase staff headcount for the move.

PNB CEO Carlos Fernandez-Guzman said: “While the business benefits to innovate with a digital-only bank are clear, we needed a strategy to quickly build and operate the platform while staying fully committed to our established and loyal customer base.

“In less than 90 days, and without disruption or cost to our existing bank infrastructure, SmartLaunch will provide all of the necessary technology, resources and digital marketing support to ensure our digital bank gets maximum exposure to reach and acquire a new audience of tech-savvy young professionals.”

The digital bank of PNB will initially focus on young consumers across Florida.

Plans are on to extend the reach of the bank to more metropolitan areas in the future.

Set up in 1985, PNB manages $499m in assets.

The lender is said to be the nineteenth largest bank in Florida based on assets.

Its Florida branches are located at 1390 Brickell Avenue, which serves as its base, 255 Aragon Avenue, and 18285 Biscayne Boulevard Aventura.