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NYMBUS Acquires KMR to Advance Footing into Credit Union Offerings

Screen Shot 2016-06-14 at 6.49.56 AMCore processing platform NYMBUS has made its second acquisition in the past two weeks. The Florida-based company has purchased credit union software provider KMR in an effort to expand its geographic footprint, product offerings, and client base.

With this move, NYMBUS inherits KMR’s key products, AgilityWeb, a full-featured home banking solution, and AgilityOrg, a management and compliance tool set.

Joining the NYMBUS leadership team is Kai Ravnborg, former president of KMR and creator of the first PC-based credit union core system and the first Windows-based credit union core application. Ravnborg, who says the decision to join NYMBUS was a “no-brainer,” will serve as chief product officer for CUNYMBUS, a collaborative credit union service organization NYMBUS launched in March.

Founded in 2015, NYMBUS seeks to revolutionize the core processing industry to help small financial institutions gain a competitive edge against big banks by offering a core solution with all digital channels and payments. The company, which demonstrated at FinovateSpring 2016 and presented at FinDEVr New York 2016, acquired data processing solutions provider R. C. Olmstead earlier this month.