Radius Bank & Narmi Launch New Digital Banking Platform

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Narmi delivers best-in-class digital banking platform to the nation's leading virtual bank.

Radius Bank, an industry-leading virtual bank, 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 financial technology company Narmi.

“The upgrades 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.”

As a part of the upgrade, 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
  • 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.

Narmi’s product offerings – which span mobile banking, online banking, digital account opening and banking APIs – help financial institutions offer beautiful, feature-rich and forward-thinking banking experiences to their end-users.

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 Narmi
Narmi’s digital banking platform powers financial institutions with billions of dollars of assets, and helps move millions of dollars between financial institutions on a daily basis. The platform – namely mobile banking, online banking, digital account opening and banking APIs – help financial institutions better compete with Mega-Banks, Challenger Banks and FinTech companies. For further information, visit http://www.narmitech.com.

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.

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Nikhil Lakhanpal
Narmi
+1 718-509-9671
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