SEATAC, Wash.– The Northwest Credit Union Association said it is partnering with Narmi to deliver frictionless digital banking platforms to NWCUA’s member credit unions. Narmi’s digital banking solutions will be offered through Strategic Link’s betaSpace program – an incubator that connects credit unions with financial technology services, the NWCUA said.
“Narmi’s differentiated, member-centric digital banking experience platform received high praise from NWCUA’s Value Creation Task Force, a think tank consisting of executive and technology leaders of Northwest credit unions, who carefully vet new financial technology products and services,” according to the NWCUA.
“We are excited about the value Narmi will bring to credit unions in the Northwest,” said Jason Smith, VP of Strategic Resources, NWCUA. “Narmi offers turn-key digital banking and account opening capability, plus the ability to provide unique benefits to members. These services will help credit unions to stay a step head of their members’ expectations.”
According to the NWCUA, the Narmi solution is designed to help credit unions to compete with mega-banks, challenger banks, and fintech companies. NWCUA member credit unions can utilize the entire suite of Narmi’s online banking, mobile banking, online account opening, CRM and support applications, and website design services
“We’ve always held a tremendous amount of respect for the group of credit unions NWCUA serves. These credit unions have a reputation in the industry to be forward-thinking.” said Narmi Co-Founder Nikhil Lakhanpal. “They value growth as a key performance metric and a willingness to invest in high-ROI technology. These types of qualities are a great fit for Narmi, and we are thrilled to partner with NWCUA in bringing Narmi’s innovative technology to credit unions in the great states of Idaho, Oregon, and Washington.”
The NWCUA said Narmi differentiates its platform in a number of ways:
‒ Prioritizing seamless online account opening including funding and identity verification;
‒ Offering native FinTech functionality (Billshark & Lemonade) in mobile;
‒ Streamlining money movement (higher limits, seamless experience, fraud controls);
‒ Valuing thoughtful design and user experience; and
‒ Automating banking processes (user-facing and back-office).
“Members of credit unions that work with Narmi can benefit from saving money, simpler banking, and proactive financial outreach,” Smith said.