Valley National Bank has launched an “innovation platform” powered by NayaOne to enhance its collaboration with fintech and meet the evolving digital needs of its customers.
Facts
- The platform is designed to boost Valley National Bank’s collaborative efforts with fintech.
- It will allow the bank to meet the changing needs of its customers amid a “rapidly evolving digital environment.”
- The solution is integrated with the products and services of “hundreds” of fintech firms and provides “a set of tools to create and apply synthetic data” for testing new products.
- Not innovating comes at a “substantial cost” as customers expect more from financial services than ever before.
- Valley National Bank chief innovation officer Stuart Cook says the platform shows how regional and community banks can access and utilize fintech products to meet customer expectations.
- The platform will help reduce the time to market to deliver new solutions.
- Valley National Bank is a regional bank with approximately $57 billion in assets, with branches across New Jersey, New York, Florida, and Alabama.
