Nymbus operates digital banking on Red Hat OpenShift and Nutanix HCI

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Nymbus chose Red Hat OpenShift as the basis for its new internal approach, running on Nutanix HCI, a hyperconverged infrastructure (HCI) solution. With a container-based infrastructure running on HCI, Nymbus can quickly design and implement solutions to serve new market niches in the digital banking solutions industry.

Florida-based Nymbus provides niche solutions to help community banks and credit unions launch and support digital banking services.

To improve flexibility and support rapid growth, Nymbus decided to move its wallet platform in-house with Red Hat OpenShift running on Nutanix Hyperconverged Infrastructure (HCI).

This container-based infrastructure from Red Hat and Nutanix helps the company rapidly develop and deliver innovative new services to customers at scale, while maintaining critical security compliance through joint expert support .

Advantages:

  • Increased flexibility to deliver new features faster
  • Achieved scalability to simultaneously create five times more custom solutions
  • Enhanced security and compliance through joint vendor support

Nymbus creates digital banking solutions that help community banks and credit unions succeed

Consumers and businesses now expect digital banking to offer more than just online access to traditional branch banking. Nymbus helps community banks and credit unions enter the digital banking market with a comprehensive suite of applications, operational resources and strategic guidance to modernize and optimize existing channels.

With its all-in-one platform, Nymbus works with its customers to quickly launch banking shops for specialized customer segments – and at a lower cost than custom solutions.

“Many organizations are launching digital banks, but not all of them are successful. They can especially struggle to differentiate themselves in a rapidly growing market,” said Larry McClanahan, Chief Product Officer at Nymbus. “We offer a unique model of online and mobile banking services that we can quickly replicate and adapt to specific clienteles.”

Recent projects include Hitched, an upcoming offering with Iroquois Federal for the financial needs of newlyweds, and BankMD, launched with TransPecos Banks and tailored for healthcare professionals.

However, Nymus did not own its digital banking platform, which limited its flexibility to develop specialized features for customers and maintain a growing portfolio of such customizations.

“When we decided to integrate our core platform in-house, we decided to take a modular containerized approach to give us the desired flexibility and simplify management by keeping customization as configurations,” McClanahan said.

Adopt a flexible and scalable container platform with Red Hat and Nutanix

After extensive market research, Nymbus chose Red Hat OpenShift as the basis for its new internal approach, running on Nutanix HCI, a hyperconverged infrastructure (HCI) solution from Red Hat’s partner.

Red Hat OpenShift, an enterprise Kubernetes container platform, provides a modular, container-based environment for rapid, iterative development. Nutanix HCI is optimized for hybrid cloud operations, from initial deployment to ongoing expansion and maintenance.

“Red Hat OpenShift is the standard Kubernetes platform for enterprises. Everyone understands it and it’s well supported,” said Matt Gibb, Vice President of Alliances at Nymbus. “Nutanix HCI is very scalable and offers complete hybrid cloud management.”

Nymbus launched its new internal central banking foundation and began using the platform to support a solution with specialized functionality in just nine months.

Delivering New Digital Banking Features at the Speed ​​of Demand

Increased flexibility to deliver new features faster

With a container-based infrastructure running on HCI, Nymbus can quickly design and implement solutions to serve new market niches and differentiate itself in the competitive digital banking solutions industry. In less than a year, the company has grown its feature portfolio from less than 12 to more than three dozen custom configurations.

For example, Nymbus recently introduced a detailed profile management feature for corporate banking that can authorize user rights to access specific features, set approval amounts, or establish access restrictions based on time.

The company has also introduced additional personalization features that help consumer banking customers set and manage goals, supported by budgeting tools, to help them better understand their financial situation.

“Clients regularly come to Nymbus with ideas,” McClanahan said. “Our container infrastructure from Red Hat and Nutanix helps us build niche solutions to meet their needs and help them achieve their strategic goals faster. We will then be able to deploy these new features to all our customers, so that everyone can benefit from them. »

Improved scalability to support rapid business growth

Nymbus can now implement up to 10 of its specialist banking solutions simultaneously, five times more than with its previous approach.

“The scalability that our Red Hat and Nutanix technologies afford us helps us support our growth strategy while meeting the needs of our rapidly growing customer base,” said McClanahan.

Enhanced security and compliance through joint vendor support

As a growing competitor in the financial services market, Nymbus must prove that its solutions meet stringent industry security and compliance requirements. The company also offers compliance support as a service for many of its digital bank customers.

Operating on a standardized and certified technology stack, with joint expert support, helps Nymbus meet these regulations and keep its infrastructure up to date with the latest patches and bug fixes.

“We’ve built our internal platform on trusted enterprise technology from vendors with strong brand recognition. Working with Red Hat and Nutanix makes our customers more comfortable and confident that we can protect their systems and data, and also helps them protect their customers,” said Gibb.

Extend container success to new projects

Following its success with its new in-house Linux container base, Nymbus plans to continue expanding the platform to provide custom functionality to new consumer segments. She is currently working on personalization strategies to support the development of new boutique banks.

“Our partnership with Red Hat and Nutanix gives us the flexibility to innovate, the speed to get to market quickly, and the tremendous scalability to support continued growth,” said McClanahan. “We are excited to be able to better help our customers succeed in the digital banking market with unique solutions.”

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