Bank3 Selects Tyfone to Modernize Digital Banking Services
17 Septiembre 2024 - 6:55AM
Business Wire
~ Memphis-based community bank bolsters
customer experience and strengthens long-term technology roadmap
~
Digital banking provider Tyfone today announced Bank3 selected
its nFinia® Digital Banking platform to provide commercial and
retail account holders a more intuitive and engaging experience,
while also streamlining and automating back-office processes.
The bank’s future growth initiatives are focused on a wide range
of commercial and retail capabilities, leading the team to find a
holistic banking solution that supported its current and future
needs.
“Banks cannot afford to be stagnant when it comes to
technology,” said Monica Parks, Chief Information Officer at Bank3.
“After reviewing what felt like was every digital platform under
the sun, there was no doubt that Tyfone truly offered what we
needed. They showed us solutions that not only solve today's
challenges but will also meet us where we need to be at different
milestones in the future. The team at Tyfone has extensive
knowledge and expertise, and their solution has unique capabilities
that make them and nFinia the strongest options for Bank3.”
Based in Memphis, Tenn., the $450 million asset bank was
searching for a platform that was futuristic yet designed with
intention. According to Bank3, its team was impressed with the
platform’s configurable design, including the ability to easily
integrate with third-party payments and personal finance solutions,
coupled with Tyfone’s extensive industry expertise, offering
innovative AI-driven search functionalities and back-office
efficiency gains. Additionally, nFinia offers Bank3 account holders
the ability to manage both personal and commercial accounts from a
single log in.
Parks continued, “At Bank3, our primary goal is to make sure our
customers have the tools they need to manage all their banking
needs in the most efficient and convenient way possible. The
platform is logical, intuitive and clean without being burdensome
and busy.”
Tim Clements, Senior Vice President and Treasury Management
Division Head at Bank3, said, “I've gone through digital shifts
with large regional banks and small community banks alike. The
vendors that have been around for a while offer the same, canned
products, but it was obvious right away that following the status
quo wasn't Tyfone’s style. Tyfone understands the world is changing
and that banks need something different to propel them in this
dynamic environment.”
The bank has also signed for Tyfone’s Instant Payment Xchange
(IPX), an instant payments solution enabling both send and receive
capabilities for the Bank’s account holders on the FedNow
network.
“Our teams are both committed to deploying innovative technology
that makes banking more convenient, secure, and efficient, with the
goal of strengthening our communities,” said Siva Narendra, CEO of
Tyfone. “We are proud to have Bank3 as our customer and are excited
to build solutions that will help them compete with everything from
mega banks, big tech and fintechs, and local competitors for years
to come.”
About Bank3
Bank3, the primary subsidiary of Banc3 Holdings, Inc., is a
full-service, community bank located in Tennessee and Mississippi.
The bank is committed to providing financial solutions to the
people and businesses in its markets by means of talent, tradition
& technology. To learn more about Bank3, visit
https://www.bank3.com/ and connect on LinkedIn.
About Tyfone Inc.
Based in Portland, Ore., Tyfone is a leading provider of
consumer and commercial digital banking services for community
financial institutions throughout the U. S. We understand that an
elegant, engaging, intuitive user experience is the minimum
requirement for any digital banking provider. What differentiates
Tyfone is our unwavering commitment to continuous innovation,
exceptional collaboration, and superior execution. We consider each
customer a true partner and place the highest value on every
relationship. To learn more about Tyfone, visit Tyfone.com and
connect on LinkedIn.
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