Narmi provides digital banking solutions tailored for financial institutions like credit unions and community banks. Its platform includes online and mobile banking services, account opening tools, and an open API framework that allows easy integration with other financial services. Narmi operates on a subscription model, where clients pay for access to its digital tools and support. This approach helps financial institutions enhance user experience, improve operational efficiency, and reduce costs. Narmi's flexible platform allows clients to quickly respond to market trends and customer needs, setting them apart from competitors in the fintech space. The company's goal is to empower financial institutions to thrive in the digital banking environment.

Greycroft Partners

Picus Capital

New Enterprise Associates

Firebolt Ventures

Contour Venture Partners

Patriot Financial Partners

Techstars

Right Side Capital Management

Fintech

Financial Services

Narmi

"We're thrilled to partner with Narmi- their team and platform are the best in the business. Together, we've created a path for financial institutions of any size to grow with confidence." -Brian Reilly, VP of Digital Marketing at BankBound

Bankbound Announces Strategic Partnership With Narmi To Accelerate Deposit Growth For Financial Institutions

Hamilton-based First Bank launched a new digital business and consumer account opening experience powered by Narmi that will allow customers to digitally open accounts with First Bank in just minutes without visiting a branch, increasing convenience and driving a new digital channel of deposit growth.“How customers want to interact with their financial partner is rapidly evolving. Providing seamless account opening is imperative for community banks seeking to provide businesses, entrepreneurs and consumers with a streamlined digital experience,” Patrick Ryan, CEO and president of First Bank, said. “First Bank is committed to providing customers with digital banking services that complement the bank’s traditional, relationship-driven model. That’s a winning formula for us as we grow our core business.”Adding online account opening is another milestone in the bank’s larger digital strategy. In 2023, First Bank launched an online business loan application portal, which serves to digitize and expedite loan funding up to $500,000 for small businesses throughout the region.Online account opening also helps First Bank establish and expand relationships in and out of its immediate geographic footprint. The new digital account opening experience offers adaptive workflows for each account type and clearly guides applicants through the account opening process for a truly best-in-class experience.“We’re proud to help transform how businesses and consumers interact with First Bank

First Bank Launches Digital Account Opening Solution

Financial institutions or fintechs building on Narmi can now introduce frictionless direct deposit switching. Post thisPinwheel Prime is the industry's only direct deposit switching solution with 100% coverage of the US workforce, making it possible for millions of workers to move their direct deposit within seconds regardless of how they receive income. Traditionally, the process of updating direct deposit settings has been a friction-filled, paper-based process with a lengthy time to see changes take effect. With Pinwheel Prime, the entire direct deposit switching process is simplified and digitized down to a few simple clicks within a bank's app or via tablet at a bank's branch, making it easier and quicker than ever for consumers to update their direct deposit settings and fund accounts.In addition to removing friction for consumers and uplifting activation, financial institutions leveraging Pinwheel Prime gain access to real-time insights into customers' income, enabling deeper relationships and at least a 14% increase in customer lifetime value. Research shows that 72% of consumers say they would be more likely to make a bank their prime bank if it offered Pinwheel Prime at acquisition, making it a transformative offering for financial institutions in their quest for customer primacy."Narmi was built to bridge the gap between traditional banking systems and cutting-edge technology, helping banks and credit unions quickly and more easily access digitization," said Angela Gentry Yue, SVP of Operations at Narmi. "We're excited to partner with Pinwheel to unlock digital direct deposit switching for our trailblazing customers

Pinwheel And Narmi Partner To Unlock Deposit Switching

Treasury Prime, a leading embedded banking software company, announced today its strategic partnership with Narmi, a leading provider of digital banking solutions for financial institutions. This collaboration enables Treasury Prime’s banking customers to send and receive money instantly through the FedNow Service and integrate the FedNow experience into their products.Through this partnership, financial institutions in Treasury Prime’s network can now offer their fintech clients a secure, efficient, and user-friendly platform for real-time payments, thereby enhancing their offerings and increasing revenue. Narmi’s FedNow service will support the full suite of the FedNow Service offerings, including Receive, Sending to linked and external accounts, and Request for Payment (RFP).Standing up the FedNow Service is an extremely technical feat and one that small and mid-sized banks don’t attempt to do themselves. Narmi acts as the financial institution’s official Service Provider for FedNow and handles the bulk of the complexity, including connecting directly to the Federal Reserve, posting transactions to the core banking system, and empowering the operations team to meet compliance and operational requirements.“Narmi’s FedNow Service Provider capabilities combined with Treasury Prime’s embedded banking platform creates a unique and powerful offering,” says Mark Vermeersch, Chief Platform Officer at Treasury Prime. “We are excited to partner with Narmi to streamline the integration of FedNow for our financial institution customers, allowing them to stay at the forefront of real-time payments and fintech services.”Through integrating the FedNow Service, Treasury Prime’s banking customers can enhance their Banking as a Service (BaaS) offerings, allowing them a clear path to providing instant payment services to fintechs within their network to remain competitive, create stickiness, drive engagement and increase revenue streams.“Narmi and Treasury Prime share a common vision to better serve the needs of small to mid-sized financial institutions,” says Chris Griffin, co-founder of Narmi. “This partnership with Treasury Prime represents a significant leap forward for these banks, opening doors to new revenue streams and enabling them to meet the ever-increasing demand for real-time payment solutions in the modern financial landscape.”

Treasury Prime Announces Partnership With Narmi To Offer Banking Customers Fednow For Instant Payments

SAN FRANCISCO--(BUSINESS WIRE)--Treasury Prime, a leading embedded banking software company, announced today its strategic partnership with Narmi, a leading provider of digital banking solutions for financial institutions. This collaboration enables Treasury Prime’s banking customers to send and receive money instantly through the FedNow Service and integrate the FedNow experience into their products. Through this partnership, financial institutions in Treasury Prime's network can now offer their fintech clients a secure, efficient, and user-friendly platform for real-time payments, thereby enhancing their offerings and increasing revenue. Narmi’s FedNow service will support the full suite of the FedNow Service offerings, including Receive, Sending to linked and external accounts, and Request for Payment (RFP). Standing up the FedNow Service is an extremely technical feat and one that small and mid-sized banks don’t attempt to do themselves. Narmi acts as the financial institution’s official Service Provider for FedNow and handles the bulk of the complexity, including connecting directly to the Federal Reserve, posting transactions to the core banking system, and empowering the operations team to meet compliance and operational requirements

Fintechs are increasingly collaborating with banking incumbents – instead of replacing them, as many had once feared they might – unlocking a whole host of exciting new opportunities. A recent EY-Parthenonsurvey revealed that many traditional financial institutions have found that working with a fintech to gain access to innovation “can be faster, cheaper and more commercially viable than building or buying” – with 55% of banks expecting partnerships with.  fintechs to occupy a “very important” role in their strategies by 2025. The EY-Parthenon survey also found that banks are already seeing significant benefits from fintech partnerships, with 95% utilizing such collaborations to enhance their digital products and reach, 87% teaming up with a partner to manage critical processes,

By Partnering With Fintechs, Credit Unions And Community Banks Can Turbocharge Innovation And Growth

"Northeast Bank is proud to partner with Narmi to offer our customers a truly exceptional digital account opening experience," said Robert T. Banaski, SVP, Director of Community Banking for Northeast Bank.                 .

Northeast Bank Joins Forces With Narmi To Revolutionize The Consumer Account Opening Experience For Customers

A medida que centramos la atención en el complejo mundo de las instituciones financieras, vemos cómo se desarrolla una narrativa intrigante. Esta narrativa trasciende los mecanismos bancarios tradicionales, invitándonos a explorar el potencial transformador de los bancos retadores y cuestionar la ética de su financiación. Emprendamos un viaje de exploración en este paisaje dinámico y en rápida evolución. En el contexto de los gigantes bancarios tradicionales, los bancos retadores o Challenger Banks están forjando un espacio único, alterando creativamente el statu quo

Challenger Banks: ¿Socialmente Sostenible O Potencialmente Peligroso?

The banking industry isnt always welcoming to startups, depending on the markets outlook. As inflation rises and companies brace for the worst, once-promising neobanks are being forced to face the music. For example, Varo Bank, the first neobank to be granted a U.S. bank charter, recently revealed that it could run out of cash by []

Narmi Lands $35M To Layer Services On Top Of Existing Banking Infrastructure

NEW YORK, NY, February 2 -- Narmi, a leading financial technology company that builds digital banking solutions, today announced the close of a $20.4M Series A funding round to empower community banks and credit unions to go to market faster and better compete with megabanks, challenger Banks, and fintechs.

Modernizing the Nation’s 11,500 Financial Institutions:  Narmi Raises $20.4 Million in Series A Funding

Provides digital banking solutions for financial institutions

Narmi

Provides digital banking solutions for financial institutions

Narmi

Provides digital banking solutions for financial institutions

About

Simplify's Take

What believers are saying

What critics are saying

What makes Narmi unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

Narmi is Hiring for 0 Jobs on Simplify!