Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee



Posted May 13, 2021

NYMBUS®, a leading provider of banking technology solutions, today announced Locality Bank IO has selected Nymbus and its unique GROW model to launch South Florida’s newest digitally-enhanced community bank for serving small and medium-sized businesses (SMBs).

With the recent acquisition of two of the last community-based banks in Florida’s Broward County, the demand for a forward-thinking and relationship-focused bank has never been greater. Locality Bank IO’s mission is to use progressive technology to serve these local businesses with seamless online and mobile banking experiences that promote better control of their business finances while facilitating more significant revenue opportunities.

To accomplish this, Locality Bank IO has partnered with Nymbus who will provide the cutting-edge technology, tools and on-demand banking services to launch quickly and successfully. Nymbus’ modern, Cloud-native platform will serve as the new bank’s technology foundation, in conjunction with a full suite of Nymbus banking-as-a-service solutions for handling the essential back-end, middle, and front-end elements the bank requires.

According to Keith Costello, CEO of Locality Bank IO: "Nymbus provides an ideal solution with the go-to-market timeline that has met our needs exactly. In partnership, we are positioned to reduce key costs in getting our bank started by leveraging their BPO and call center resources to amplify what looks to be a bright future for Locality Bank."


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