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Overview
Narmi provides digital banking software for financial institutions such as credit unions and community banks. Its main offerings include online and mobile banking platforms, account opening solutions, and an open API framework that enables easy integration with other financial services. The platform is delivered via a subscription model, with additional revenue from custom integrations and premium features. Customers access a cloud-based suite and pay for ongoing support, which helps them streamline operations, reduce back-office costs, and lower support volumes while offering a modern banking experience to their end users. Narmi’s architecture emphasizes flexibility and open connectivity, allowing institutions to quickly respond to new customer needs and market trends. The company’s goal is to help financial institutions improve digital usability and operational efficiency, attract and grow deposits, and maintain a competitive edge in the digital banking space.
About Narmi
Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$55.5M
Headquarters
New York City, New York
Founded
2016
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Simplify's Take
What believers are saying
- Alma Bank chose Narmi in 2026, validating expansion beyond small credit unions.
- Mocse Credit Union selected Narmi One after competitive evaluation, signaling strong win-rate.
- Narmi’s 152 employees in June 2026 suggest continued hiring and product investment.
What critics are saying
- Alkami’s 2026 unified Digital Sales & Service Platform directly attacks Narmi’s core wedge.
- Narmi’s AI launch is scheduled for Q3 2026, inviting faster rivals to seize deals first.
- A failed bank conversion or compliance mistake would cripple trust and stall enterprise sales.
What makes Narmi unique
- Narmi unifies account opening, mobile banking, online banking, and FedNow for community institutions.
- Its AI DecisionAssist learns from each institution’s own review history, not generic datasets.
- Narmi’s open API and partner integrations fit banks modernizing without replacing cores.
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Funding
Total Funding
$55.5M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Competitive pay
401K matching
Medical, dental, & vision insurance
Student loan repayment assistance
Family planning
Volunteering time off
Learning and development stipend
Fitness & extra-curricular credits
Commuter benefits
Work from home stipend
Work from anywhere August
Team events, happy hours, & celebrations
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -3%Narmi, a digital banking platform provider, has launched AI Decision Assist, a new tool to help community banks and credit unions streamline account opening processes. The AI-powered capability reviews applications, analyses identity and compliance data, and generates auditable recommendations to help staff make faster decisions. The system is configurable to each institution's risk policies and learns from their historical approval patterns. It reduces manual review times from hours to minutes, with early results showing approval rates up to 6% higher. Co-founder Chris Griffin said the tool addresses time-intensive workflows that rely on fragmented systems. Rather than replacing human decision-makers, AI Decision Assist handles repetitive research whilst preserving oversight and accountability. The product will be available to financial institutions in Q3 2026.
Narmi, a digital banking solutions provider, has partnered with Alma Bank, a New York City-based community financial institution with $1.5 billion in assets. The partnership delivers modernised digital banking experiences for Alma Bank's consumer and business customers. The platform includes upgraded bill pay, Zelle for Business, improved wire transfers, and planned integration of Array for credit monitoring. Founded in 2007, Alma Bank operates 14 branches across the New York metropolitan area and northern New Jersey. Alma Bank plans to expand its use of Narmi's platform in 2026, adding consumer, business and staff-led account opening capabilities. The transition reflects the bank's focus on enhancing digital tools whilst maintaining its community-focused approach to customer relationships.
Mocse Credit Union, a $427 million institution serving over 30,000 members across Central California, has selected Narmi One to replace its legacy digital banking platform. The credit union has migrated from rigid core modules to Narmi's unified platform, which combines consumer banking, business banking and account opening. The partnership supports Mocse's strategy to strengthen member engagement and expand small-to-medium business banking capabilities. Mocse chose Narmi following a competitive evaluation, citing the platform's open architecture, API-first infrastructure and collaborative approach. Narmi co-founder Nikhil Lakhanpal noted that business banking is where credit unions are currently competing for member relationships. The move reflects a broader industry shift among community financial institutions towards integrated platforms offering greater flexibility and scalability.
Narmi, a New York-based digital banking solutions provider, has appointed Fiaz Sindhu as Senior Vice President of Strategy and Operations. Sindhu will oversee strategic planning, operational execution and cross-functional initiatives to support the company's growth. Sindhu brings extensive experience from FIS, where he led the Community and Credit Union Banking core processing segment, overseeing large-scale platforms serving banks and credit unions nationwide. Previously, he was a consultant at Accenture, building regulated technology platforms for global financial institutions. Co-founder Nikhil Lakhanpal highlighted Sindhu's fintech background and understanding of community banks' challenges. Sindhu, who has known Narmi's team for over a decade, praised the company's approach to innovation and AI implementation. The appointment reflects Narmi's focus on scaling its platform for financial institutions.
"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
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About Narmi
Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$55.5M
Headquarters
New York City, New York
Founded
2016
There are no jobs for Narmi right now.
Find jobs on Simplify and start your career today