Hightstown, N.J.-based NJCUL Services Corporation and New York City-based Narmi, partnered to bring innovation fintech technology, such as digital banking and account opening capabilities, to New Jersey's 150-plus credit unions.
Narmi's design is specific for regional and community financial institutions like credit unions. “We are proud to partner with NJCUL to solve the most pressing problems for New Jersey credit unions. We can easily meet with management teams, attend local chapter meetings, and, in general, have a deep presence in such a great state,” Narmi Co-Founder Nikhil Lakhanpal commented.
Narmi's roots tie back to the Georgetown University Alumni and Student Federal Credit Union where Narmi founders Nikhil Lakhanpal and Chris Griffin served as CEO and CTO as seniors in college. The duo quickly realized that to compete, credit unions needed a more nimble and innovative partner that offered technology with not only the latest features, but also an open-architecture.
Narmi offers over 150 features in its platform and have partnered with innovative companies like Billshark (bill negotiation services) and Lemonade (affordable property insurance) to deliver a higher quality of service to credit union members.
“When we were looking for a partner in this area, we emphasized the need to provide a turn-key digital banking and account opening capability to our members,” David Frankil, chairman of the NJCUL Services Corporation and president/CEO of the New Jersey Credit Union League, said. “Narmi offers all that, plus the ability to provide unique benefits to members. Narmi gets it – it's not just about the technology, it's about enhancing the entire member experience.”
NJCUL members can utilize Narmi's online banking, mobile banking, online account opening, CRM and support applications, and Web site design services. NJCUL Services Corporation thoroughly vets partners to ensure they meet the needs of New Jersey's credit unions.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
