Narmi Launches AppXchange To Empower Financial Institutions To Control Their Own Digital Roadmap
Banks and credit unions can now seamlessly integrate the latest FinTech products to become a "one-stop-shop" for their users' financial needs.
NEW YORK, Aug. 11, 2020 /PRNewswire-PRWeb/ -- Narmi, a leading financial technology company that provides enterprise solutions in digital banking and digital account opening, today announced the launch of its AppXchange. The Narmi AppXchange empowers financial institutions to gain the best of what FinTech solutions offer at zero code and zero cost. Banks and credit unions can now extend beyond their traditional digital offerings and integrate the latest FinTech products to become a "one-stop-shop" for their users' financial needs. AppXchange integrations are made possible by the Narmi Application Framework (NAF) and the Narmi API - two tools designed to help maximize the openness of the Narmi Platform.
"Financial institutions should not have to sacrifice their ambitions for a personalized and custom user experience because of their digital banking platform. The Narmi AppXchange, combined with our open banking tools, help financial institutions deliver functionality with a speed to market unheard of in the industry," said Chris Griffin, Co-Founder of Narmi.
With competition for deposits and loans at an all-time high, consumers and businesses must make important decisions about who their long-term financial partner should be. The AppXchange is an opportunity for banks and credit unions to differentiate themselves against the competition and ensure growth now and in the future.
By design, Narmi's AppXchange is partner agnostic. Narmi curates a handful of partners on an ongoing basis that will drive value for financial institutions. Similarly, financial institutions are empowered to seek out partners they find as well. All partners seamlessly integrate into Narmi's mobile and online banking platform.
Example partners include Lemonade, Billshark, Booking.com, Credible, Ladder, and Harvest.
Ladder Life makes it easy to help individuals protect their loved ones financially by offering instant, flexible, and affordable life insurance through a frictionless digital experience. "It has been great to work with Narmi, as their open digital banking platform made integration very straightforward. This makes it possible for us to bring Ladder's unique functionality to millions of potential customers by meeting them where they bank," said Co-Founder of Ladder's Jeff Merkel.
Harvest Savings & Wealth Technologies helps banks and credit unions stop the outflow of deposits to direct-to-consumer fintech competitors. Harvest's white-labeled product, Goalkeeper, gives customers an easy way to take control of their financial health and save money toward their financial goals, all within their online banking portal or mobile banking app.
"Narmi's open framework has made it incredibly easy for consumers to access tools that previously weren't available through their bank or credit union, and possible for financial institutions to stop outflows that are otherwise going to competitive fintechs. We are very excited to extend Goalkeeper's functionality to even more financial institutions through the Narmi AppXchange," said Harvest CEO Drew Sievers.
Narmi's AppXchange and FinTech partners can be seen in action with Radius' Bank's marketplace (https://radiusbank.com/personal/marketplace/).
To learn more about the AppXchange, please visit https://www.narmi.com/platform/appxchange.
SOURCE Narmi
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