Press release

Pacific National Bank Selects NYMBUS to Rapidly Launch New Digital-Only Bank

Sponsored by Businesswire

the world’s most advanced revenue and technology solutions company,
today announced Pacific
National Bank
(PNB) has selected NYMBUS SmartLaunch to outsource the
technology infrastructure and full operations of its new digital-only
bank. PNB’s digital bank will offer a smooth, effortless online and
mobile banking experience to a targeted audience of young professionals
throughout the state of Florida with additional metropolitan areas to

A pioneer in the industry’s transformation, NYMBUS SmartLaunch
eliminates the need for financial institutions to undergo a conversion
or hire new resources to offer a customized and competitive digital-only
bank experience. In partnership, NYMBUS affords PNB the opportunity to
rapidly pursue new digital consumers and deposit growth while remaining
focused on its existing Miami-based institution. SmartLaunch will handle
the complete end-to-end requirements to quickly stand up its digital
bank with a modern onboarding, Internet banking and mobile banking

“While the business benefits to innovate with a digital-only bank are
clear, we needed a strategy to quickly build and operate the platform
while staying fully committed to our established and loyal customer
base,” said Carlos Fernandez-Guzman, CEO at Pacific National Bank. “In
less than 90 days, and without disruption or cost to our existing bank
infrastructure, SmartLaunch will provide all of the necessary
technology, resources and digital marketing support to ensure our
digital bank gets maximum exposure to reach and acquire a new audience
of tech-savvy young professionals.”

NYMBUS SmartLaunch is a low-risk Banking-as-a-Service (BaaS) solution
model that outsources the entire operation of a digital bank or
branch—from a customer-facing call center and back-office operations to
targeted digital marketing and website services—to NYMBUS’ team of
industry banking experts. SmartLaunch is also built on NYMBUS’ modern,
digital-first SmartCore® platform, which bypasses the need to
undergo a technology conversion. The legacy operation isn’t disrupted
and no additional staff is required.

“SmartLaunch levels the playing field for banks and credit unions of all
sizes to immediately innovate and compete,” said David Mitchell,
President of NYMBUS. “We’re excited to add PNB to our list of partners,
allowing them to focus on their core business while NYMBUS handles the
entire back-office, operations and world-class digital marketing support
to get its new digital-only bank up and running quickly.”

NYMBUS provides the world’s most advanced
revenue and technology solutions for today’s financial institutions.
From SmartCore, SmartDigital™ and SmartPayments™, our flagship digital
technology platforms, to SmartLaunch, our full-service and standalone
digital bank alternative, NYMBUS enables financial institutions to
digitally transform their businesses.

About Pacific National Bank
Pacific National Bank is
headquartered at 1390 Brickell Avenue, Miami, Florida, and is the 19th
largest bank headquartered in Miami-Dade County, Florida based on
assets. In addition to its Brickell branch, the Bank operates branches
at 255 Aragon Avenue, Coral Gables, Florida and 18285 Biscayne Boulevard
Aventura, Florida. PNB was established as a national bank in 1985 and
has $499 million in assets.