Banking technology solutions provider Nymbus has teamed up with digital wealth management platform Marstone to drive digital banking innovation.
The partnership clubs Marstone’s strategy to promote financial health and literacy and Nymbus’ strategy to accelerate growth for banks and credit unions through new routes to market.
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Nymbus offers a suite of banking technology applications for core, onboarding, lending and CRM services.
The firm recently launched a Labs unit to boost capabilities of traditional institutions and help them expand reach into new niche customer segments.
Nymbus chief marketing and strategy officer Allison Netzer said: “At Nymbus, we know that there are best-in-breed solutions already in the market to help our clients achieve their goals quickly and easily.
“Marstone’s digital wealth management platform will play a critical role as we continue to remove the hurdles historically associated with digital banking innovation.”
Marstone co-founder and CEO Margaret Hartigan said: “Covid accelerated the already growing number of consumers shifting their wealth and banking to digital offerings.
“To remain successful, financial institutions need to recognize that digital financial management and education are essential.
“We’re thrilled to be partnering with Nymbus as they incorporate our turnkey digital wealth management platform into their rapidly growing solution set for niche banking players.”
In June this year, Marstone raised $5m in second tranche of its Series A financing round, taking its total raised capital to over $20m.
The first tranche, which was led by Apex Fintech Solutions, was completed in last May.
Recently, the firm partnered with Amerant Bank to drive customer-centric digital wealth management solutions.
In 2018, HSBC Bank USA partnered with the digital wealth management firm to develop an investment advice platform called HSBC Wealth Track.
