Big changes at the top continue for banking technology provider NYMBUS. The company announced on Monday that former Kony DBX EVP and General Manager Jeffery Kendall will take the helm as the NYMBUS’ new CEO. Effective October 1, Kendall will succeed Scott Killoh, who founded the company in 2015. Killoh will remain with the company as Executive Chairman of the Board.
In the company’s announcement of the news, Killoh praised Kendall’s “strong domain and go-to-market expertise” which he said comes at a “critical time” when financial institutions and financial services companies are rapidly attempting to digitize their backend and customer-facing operations. During his tenure at Kony DBX, Kendall was credited for growing the firm’s digital banking division by 5x in less than three years. Kony DBX was acquired by Temenos for $520 million a little over a year ago.
As CEO of NYMBUS, Kendall will be tasked with continuing the company’s success in helping financial institutions make their digital transformations. “In record time, NYMBUS has already delivered over 25 successful customer deployments,” Kendall said in a statement. “This is a powerful validation of the efficacy of our robust software and solutions, and the trajectory for continued success and growth by remaining focused on serving our clients, creating significant value for our shareholders, and providing exceptional opportunities for our employees.”
The Kendall hire is the second big C-suite move from NYMBUS in recent months. In June, the company tapped Jim Modak as its new President and Chief Financial Officer. Modak previously served as CFO at Tradex Technologies (sold to Ariba in 2000) and as both Chief Operating Officer and CFO at enterprise software provider DWL (sold to IBM in 2005). He is also a 12-year veteran of KPMG.
NYMBUS demonstrated its full-service, standalone, digital banking alternative, SmartLaunch, last year at FinovateFall in New York. The technology won the 2020 Best Solution for Customer Experience at the FinXTech Awards this spring. In what has been a busy year for the Miami Beach-based company, NYMBUS has inked partnerships with PeoplesBank, Transpecos Banks, fellow Finovate alum NCR, Pacific National Bank, and Payrailz.
Securing $12 million in growth funding in June, NYMBUS has raised a total of $45.4 million from investors including Vensure Enterprises, Insight Partners, and Home Credit Group.