Narmi and NWCUA Partner to Deliver Frictionless Digital Banking to 180+ Credit Unions

Narmi brings frictionless account opening, mobile banking, online banking and admin capabilities to Washington, Oregon and Idaho Credit Unions.

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Narmi

Mar 28, 2019, 09:00 ET

NEW YORK, March 28, 2019 /PRNewswire-PRWeb/ -- Narmi and the Northwest Credit Union Association's Strategic Link, Inc. have partnered to deliver frictionless digital banking platforms to NWCUA's member credit unions. Narmi's digital banking solutions will be offered through Strategic Link's betaSpace program – an incubator that connects credit unions with financial technology services.

Narmi's differentiated, member-centric digital banking experience platform received high praise from NWCUA's Value Creation Task Force, a think tank consisting of executive and technology leaders of Northwest credit unions, who carefully vet new financial technology products and services.

"We are excited about the value Narmi will bring to credit unions in the Northwest," said Jason Smith, VP of Strategic Resources, NWCUA. "Narmi offers turn-key digital banking and account opening capability, plus the ability to provide unique benefits to members. These services will help credit unions to stay a step head of their members' expectations."

The Narmi solution is designed to help credit unions to compete with mega-banks, challenger banks, and fintech companies. NWCUA member credit unions can utilize the entire suite of Narmi's online banking, mobile banking, online account opening, CRM and support applications, and website design services.

"We've always held a tremendous amount of respect for the group of credit unions NWCUA serves. These credit unions have a reputation in the industry to be forward-thinking," said Narmi Co-Founder Nikhil Lakhanpal. "They value growth as a key performance metric and a willingness to invest in high-ROI technology. These types of qualities are a great fit for Narmi, and we are thrilled to partner with NWCUA in bringing Narmi's innovative technology to credit unions in the great states of Idaho, Oregon, and Washington."

Narmi differentiates its platform in a number of ways:

  • Prioritizing seamless online account opening including funding and identity verification;
  • Offering native FinTech functionality (Billshark & Lemonade) in mobile;
  • Streamlining money movement (higher limits, seamless experience, fraud controls);
  • Valuing thoughtful design and user experience; and
  • Automating banking processes (user-facing and back-office).

"Member of credit unions that work with Narmi can benefit from saving money, simpler banking, and proactive financial outreach," Smith said.

For more information about Narmi, visit https://www.narmi.com

About Narmi Inc.

There are over 11,000+ regional and community financial institutions in the United States today. Through Narmi's mobile banking, online banking, digital account opening and banking APIs, these institutions better compete with Mega-Banks, Challenger Banks and FinTech companies to create a more diverse and engaging financial ecosystem. Today, Narmi's platform powers financial institutions with billions of dollars of assets and helps move millions of dollars between financial institutions on a daily basis.

About the Northwest Credit Union Association

The Northwest Credit Union Association is the not-for-profit trade association representing over 180 credit unions in Idaho, Oregon, and Washington and their 7.3 million consumer members. According to an independent analysis by economists at ECONorthwest, the region's credit unions drove a positive economic impact of $7.8 billion last year. The NWCUA is the voice of the Northwest credit union movement, providing compliance, regulatory, advocacy, and professional development support to credit unions so they can support their members. For more information about NWCUA, visit https://www.nwcua.org.

SOURCE Narmi