Array, a leading financial innovation platform, and Narmi, a leading provider of digital banking solutions for financial institutions, announced a partnership to bring Array’s financial progress tools to customers and members and help them better monitor their credit and benefit from anti-fraud identity monitoring. In addition, Narmi will provide financial institutions access to Array’s actionable credit-based offers solution.
“Narmi provides regional financial institutions a modern API-driven platform that layers on top of existing banking infrastructure including account opening, consumer and business digital banking,” said Mario DeLecce, Head of Financial Institutions at Array. “We’re excited to extend the Array portfolio to Narmi’s client base so they can provide more options for a differentiated digital experience on par with the largest banks and non-financial companies offering embedded finance products.”
Array’s My Credit Manager enables users to view, understand and manage their credit information. They can receive credit score change alerts, interact with a score simulator, and view credit score factors and debt analysis components. ID Protect includes identity monitoring, insurance, and restoration services1 that help keep users safe from fraud. It features dark web monitoring, alerts, and identity theft restoration services. In addition, financial institutions can leverage Offers Engine to market their services to account holders with actionable offers based on the user’s individual credit-data attributes and matched to appropriate credit products, resulting in greater relevance and likelihood of approval.
“Regional financial institutions typically do not have the staff and resources to build digital products and services in house, so they need technology partners that can build quickly on and extend the infrastructure they have,” said Nikhil Lakhanpal, Co-Founder and CEO of Narmi. “Narmi and Array are digital-first partners that can help regional financial institutions acquire and retain customers, scale operations, grow deposits, and provide a rich digital experience to younger customer segment that expects them.”