NYMBUS has entered into a collaboration with Payrailz to improve its cloud-based SmartEcosystem of digital-first banking products and services.

The partnership will enable NYMBUS to offer financial institutions with Payrailz’ digital billing and payment management solutions.

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NYMBUS CEO Scott Killoh said: “Covid-19 has accelerated the speed of transformation required for financial institutions to remain relevant.

“Our partnership with Payrailz extends to our bank and credit union customers the smartest payment features this market has seen.

“At a time when contactless payments are on the rise and seamless digital services have never been more necessary, our combined efforts help to quickly better connect and enhance their relationships with consumers and members.”

The NYMBUS SmartEcosystem includes a full suite digital-first products and services to help financial institutions transform their operations.

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The SmartLaunch Banking-as-a-Service (BaaS) model is an extension of the SmartEcosystem. It is a full-service, standalone digital bank solution to enable financial institutions rollout a digital bank under their existing charter.

The partnership with Payrailz is expected to streamline go-to-market process.

Payrailz CEO Fran Duggan said: “We are pleased that after an extensive search for a new digital payments partner that the NYMBUS team selected Payrailz.

“We look forward to working in partnership together to enable more banks and credit unions to bridge the gap in their banking relationships with fast, smart and engaging payment experiences that their customers or members can depend on.”

Last month, Payrailz partnered with billing and payment processing solutions provider Transactis.