NYMBUS Inc., the core banking modernization company, today announced Florida-based Surety Bank has selected NYMBUS SmartCore to digitally transform its banking operations.
Surety Bank chose NYMBUS SmartCore, a cloud-based core platform, to provide single, quality digital experiences for its clients and simplify back-end processes and workflows for its employees. For nearly 90 years, Surety Bank has served the Lake Mary, Deland and Daytona Beach, Fla. communities with a personalized approach to service.
“NYMBUS was the only company that gave us confidence of having the modern technology we needed and personalized service for ease of implementation,” said Ryan James, CEO of Surety Bank. “Our clients want banking technology to be simple, efficient and easily accessible at any time, through any device. With NYMBUS, we see a partner to help us confidently replace antiquated systems from legacy vendors with a flexible, consumer-centric platform built with an open architecture and open APIs for easy integration with what matters most to our clients.”
The core banking platform is the most important technology of any financial institution. It not only drives day-to-day operations, but also serves as the institution’s backbone for new capabilities and growth. NYMBUS SmartCore is a customer-centric platform that unifies all the required banking functions into one system, enabling a multi-channel customer experience, while automating and simplifying back-end processes and workflows. Surety Bank is assigned its own dedicated private cloud, ensuring the highest levels of security as well as compliance with the latest industry standards in a faster, easier and most affordable manner.
James continued: “Over the past 20 years, we have upgraded different products with our core and every step of the process has been excruciatingly painful, from delayed implementations and cost overruns to grossly missed expectations upon implementation. Given these experiences, it was clear the traditional banking model needed to be disrupted. Fortunately, NYMBUS is best positioned to stand at the core of this disruption.”
David Mitchell, president at NYMBUS, said: “NYMBUS continues to build momentum among financial institutions seeking to embrace digital innovation and modernize their core processing software. NYMBUS and Surety Bank have a shared vision of the modern customer experience. We are incredibly excited to help Surety Bank enhance that experience, implement more efficient operations and drive business growth.”