The board of Miami-based NYMBUS, which offers a financial services platform, has announced that Jeffery Kendall, a banking tech veteran, will be the firm's next CEO. He will succeed the company’s Founder Scott Killoh, who will continue to serve as executive chairman.
Kendall is “an experienced leader” in digital technology and has “a proven track record” of leadership at high-growth companies, NYMBUS said in a news release. Previously, he was executive vice president and general manager of Kony DBX, “where he grew the digital banking division by 500 percent in two and a half years, leading to an acquisition by Temenos in 2019 for $520 million,” the release said.
The company said that Kendall will “help NYMBUS further capitalize on the massive opportunity” presented by the market for financial technology companies (FinTechs). The overall picture, the release said, is that financial institutions (FIs) are “seeking digital transformation.”
NYMBUS, which was founded in 2015, said it “has disrupted the industry by enabling risk-free solutions for traditional banks and credit unions to rapidly innovate, digitize and grow their businesses.”
“In record time, NYMBUS has already delivered over 25 successful customer deployments,” said Kendall. “This is a powerful validation of the efficacy of our robust software and solutions, and the trajectory for continued success and growth.”
Peter Sobiloff, managing director at Insight Partners and a NYMBUS board member, said that Kendall’s “phenomenal business-scaling track record, combined with a deep understanding of the digital banking market and its customers, make him the clear choice to accelerate the company’s continued growth and expansion.”
In June, NYMBUS entered into a partnership with digital payments company Payrailz to help more FIs transition to digital banking services, according to a press release. The new partnership launched “at a time when contactless payments are on the rise and seamless digital services have never been more necessary,” said Killoh at the time.