BOSTON, Dec. 11, 2018 /PRNewswire-PRWeb/ -- Radius Bank, an industry-leading virtual bank, today announced the recent launch of its enhanced online banking platform and Radius Mobile app. These new offerings were made possible by the partnership the Bank established with NYC-based fintech Narmi. As Radius Bank's third fintech partnership of 2018, this collaboration demonstrates Radius' continued commitment to improving clients' banking experience.
"The updates to our personal online and mobile banking platforms significantly improve the customer experience," said Mike Butler, president and chief executive officer at Radius Bank. "Our national client base demands a great 24/7 digital banking experience across all of their devices and this enhanced technology provides just that. We're excited to partner with an innovative company like Narmi to achieve our goals."
In addition to the Bank's already established simplified online account opening platform that enables new consumers and small businesses to open a checking account in under 3 minutes, Radius personal banking clients now enjoy:
- Improvements to the user experience, look, and feel
- Enhancements to the mobile check deposit and bill payment features
- Ability to directly link Venmo accounts to make person-to-person payments
- Expanded digital tools for budgeting and tracking financial health
- A curated marketplace that includes fintechs Lemonade and Billshark to help clients lower their insurance premiums and monthly bills
- Increased limits for money movement to accounts at different banks and for depositing checks through the app
- Faster access to the customer support team
"Narmi has tremendous respect for Radius Bank and is proud to be its partner in becoming the nation's best virtual bank. We look forward to working with Radius on making their digital banking platform even better over the next many years," said Nikhil Lakhanpal, Co-Founder of Narmi.
Along with revamping the digital banking experience, Radius also redesigned its public website, radiusbank.com, to provide a seamless and enhanced user experience across all devices. The new website is easier to navigate and provides the customer with additional resources to improve their financial wellness. All these improvements further Radius' mission to deliver superior products and services to help its clients meet their financial goals.
The Radius Mobile app is available on the Apple, Android, and Google Play stores. To learn more about Radius Bank, visit http://www.radiusbank.com from a phone, tablet, or computer.
About Radius Bank
With assets of approximately $1.2 billion, Radius Bank is a forward-thinking community bank offering a full complement of leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank's award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. Radius also partners with innovative fintech companies including mobile payments leader LevelUp and online marketplace lender Prosper to provide additional valuable services to its client base. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank's website at http://www.radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.
About Narmi
Narmi provides superior technology – namely mobile and online banking – to regional and community financial institutions (RCFIs). Banking through these digital channels hasn't changed in years and has become an antiquated, transactional experience when it should be a high engagement, data-driven experience. There are over 11,000+ RCFIs in the United States today. With Narmi's help, these institutions better compete with Mega-Banks, Challenger Banks and FinTech companies to create a more diverse and engaging financial ecosystem. For further information, visit http://www.narmitech.com.
SOURCE Radius Bank
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