NEW YORK (PRWEB) August 05, 2019
Narmi, a financial technology company in New York, was selected as a finalist for the 2019 Best of FinXTech Awards. Finalists were selected if their platform(s) best help financial institutions grow revenue, create efficiencies or reduce risk.
“This accolade is testament to the amazing work Narmi does for our financial institution customers, some of which are regarded as the most innovative financial institutions in the country. Our statistics around our digital banking and digital account opening platforms speak for themselves, and our Banking APIs, FinTech Marketplace and Narmi Application Framework foster a new generation of openness in digital banking,” commented Nikhil Lakhanpal, Co-Founder of Narmi.
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. Customers include Radius Bank (the nation’s leading virtual bank), Langley Federal Credit Union ($3.0bn CU in Virginia) and a top 100, publicly traded bank.
Narmi customers have experienced the below results after launching the Narmi Platform:
- 20% increase in net promoter score
- 50% decrease in support message volume
- 63% improvement in response time
- 57% increase in monthly external ACH transfers
- 250% increase in linked external financial institution accounts
- 26% increase in monthly remote check deposits
- 22% increase in monthly bill pay transactions
Lakhanpal added, “From a product standpoint, these metrics demonstrate Narmi’s ability to offer deep banking functionality coupled with a remarkable user experience. The best financial institutions over the next 10 years will be those who offer the most products and features, yet make these products and features easy and delightful to use. Narmi helps financial institutions do exactly that.”
Winners will be announced at Bank Director’s Experience FinXTech event in Chicago on September 10, 2019. This event brings together senior executives from across the financial space to focus on developing new business relationships, collaboration and strategic investments.
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.
Launched in 2014, FinXTech is a resource powered by Bank Director, which specializes in connecting a hugely influential audience of U.S. bank leaders with technology partners at the forefront of innovation. FinXTech makes it easier for banks and technology companies to work together - through its exclusive in person events, editorial content and online FinXTech Connect platform. For more information, please visit FinXTech.com.