ConnectOne Bank partners Nymbus to offer digital business banking

New Jersey-based ConnectOne Bank has partnered with banking technology solutions provider Nymbus as it plans to develop and offer bespoke digital business banking solutions.

ConnectOne taps Nymbus for new business banking vertical

The move forms part of ConnectOne’s cloud-based banking strategy while also allowing the firm to target new market segments. ConnectOne plans to launch this new business banking vertical by the end of the year.

ConnectOne Bank CEO and chairman Frank Sorrentino says partnering with Nymbus allows his company to build a “niche-based vertical powered by leading technology”.

Nymbus chairman and CEO Jeffrey Kendall says Nymbus helps organisations like ConnectOne – which is taking a “client-centric, tech-forward approach to its business” – carry out their digital strategies.

The company offers banks, brands and fintechs banking technology applications to optimise existing channels, as well as operational resources to launch in the market quickly and capture new customer segments.

Last month, Michigan State University Federal Credit Union (MSUFCU) partnered with Nymbus to launch its new digital brand designed for university alumni, AlumniFi.

ConnectOne is the insured depository subsidiary of ConnectOne Bancorp, which boasts total assets in excess of $8 billion. It offers banking and lending services to commercial, small business and consumer clients.