Las Colinas Federal Credit Union and Narmi, a leading provider of digital banking solutions, are pleased to announce the successful launch of Narmi’s Consumer Account Opening platform. This launch marks the first phase of the partnership, with the rollout of Narmi's Consumer and Business Digital Banking solutions planned for later this year.
Las Colinas, a credit union based in Irving, TX, is renowned for its exceptional personal service. By leveraging Narmi's technology, Las Colinas aims to achieve its deposit goals by providing an account opening experience that allows prospective members to open accounts in less than three minutes entirely online, on the device of their choice. The new digital experience also includes instant KYC (Know Your Customer) verification that provides up to 100% automated decisioning, and a portal that allows staff to review all incoming applications with ease.
“We are incredibly excited to launch Narmi's account opening platform,” said Kevin Scott, President of Las Colinas Federal Credit Union. “Narmi's solution seamlessly combines members' need for a rapid, streamlined, and automated entry into the credit union with a modern and sophisticated KYC process. Our members can open virtually any product in less than three minutes. The implementation was handled professionally, with agility and adaptability, allowing us to bring this solution to market in just 100 days. We are impressed with the extraordinary Narmi team and eagerly anticipate the Narmi digital banking launch, knowing that our members and team will truly enjoy this exceptional experience.”
Narmi was able to achieve a successful launch in 104 days through a direct integration to the Corelation Keystone Core via the KeyBridge API. Narmi's proficiency with the Corelation KeyStone Core will enable Las Colinas to utilize sophisticated features such as real-time alerts and integration with the KeyInsight CRM, enhancing both the efficiency and functionality of their digital banking services.
Nikhil Lakhanpal, Co-Founder of Narmi, commented on the launch, "Our partnership with Las Colinas Federal Credit Union is a pivotal first step in their digital transformation journey. We’re excited to work with Las Colinas to help them achieve their vision of a fully digital banking experience for their members."
About Las Colinas:
LCFCU is a ‘Force for Good’. For more than 60 years, this powerhouse of a Credit Union has delivered outstanding financial services to the Dallas / Ft. Worth area. LCFCU believes in teaching school-age children the tools they need to succeed financially. LCFCU provides modern digital solutions with a human off-ramp when required. LCFCU's strong culture, integrity, and vision keep this organization in a firm position for the future economy. We thank our community partners and longstanding Select Employer Groups: Mary Kay, Signet, and The Container Store.
About Narmi:
New York City-based Narmi's digital platform empowers financial institutions to unlock the very latest capabilities in digital banking and account opening, enabling them to move faster, tap new growth opportunities, and achieve true digital transformation. The Narmi platform was built with the customer experience in mind, empowering financial institutions with an experience that is always effortless, current, and dependable. As a result, Narmi's customers are seeing as much as 3x account growth in less than 30 days and 4x deposit growth in as little as 90 days. Additionally, Narmi's financial institution clients are winning awards like Bankrate's 2020 Best Online Bank and Nerdwallet's Best Bank of 2021 for Online Experience. For more information, please visit www.narmi.com.