
LiaFi, a dedicated online platform built to help small businesses around the country, is excited to continue its mission through the launch of Narmi’s Business Account Opening and Business Digital Banking solutions. By using the cutting-edge business capabilities of the Narmi One platform, LiaFi will further enable small businesses to grow and manage their valuable cash reserves.
As an affiliate of a century-old community bank, LiaFi owns a proven track record of prioritizing an end-to-end customer experience. In offering Narmi Grow, LiaFi can now ensure prospective customers a seamless flow from application to onboarding, leveraging Alloy’s ironclad fraud defense throughout. LiaFi’s new fraud protection capabilities include instant KYC (Know Your Customer) verification that provides up to 100% automated decisioning, and a portal that allows staff to review all incoming applications with ease, among other functions.
LiaFi customers will then benefit from Narmi Banking’s holistic user experience, which provides an intuitive – and powerful – way to interface with many of their essential banking functions, and an array of other capabilities through Narmi’s flexible API integration set. In using a solution designed with the ease of use all consumers have come to expect in mind, LiaFi’s business banking experience will now engage and retain customers looking to dedicate less time to administrative tasks, and more time to strategy, growth, and efficient business operations.
“Narmi’s team brings industry expertise and a collaborative approach, working closely with us to create a cutting-edge platform with LiaFi,” said LiaFi board member, Deena London. “This partnership was critical in the development and support of the financial tools available for our small to medium size business customers within business digital banking.
“We are able to deliver a best-in-class digital experience while staying agile and relevant. They are a true partner by driving innovation and improving integration capabilities.”
By making a significant investment in a consistent, powerful end-to-end user experience, LiaFi hopes to become one of the leading providers to the millions of U.S. small businesses who seek a partner in helping them thrive. LiaFi’s goal is to provide small business owners with a simple and accessible solution to manage their valuable cash reserves.
“Small businesses are the bedrock of our economy, and it’s now more important than ever to make sure that their digital banking solutions are a value-add, not a distraction,” said Nikhil Lakhanpal, co-founder of Narmi. “We’re excited to launch Narmi Grow and Narmi Banking to bring small business owners partnering with LiaFi a seamless, reliable platform to manage their essential banking functions.”
About LiaFi
LiaFi is a financial technology company created to help small business owners grow their cash reserves and manage their cash flow with a cutting-edge financial tool. LiaFi is an affiliate of Magnolia Bank, a Kentucky based community bank with over one hundred years of service. For more information, please visit liafi.co.
About Narmi
New York City-based Narmi's digital platform empowers financial institutions to unlock the very latest capabilities in digital banking and account opening, enabling them to move faster, tap new growth opportunities, and achieve true digital transformation. The Narmi platform was built with the customer experience in mind, empowering financial institutions with an experience that is always effortless, current, and dependable. As a result, Narmi's customers are seeing as much as 3x account growth in less than 30 days and 4x deposit growth in as little as 90 days. Additionally, Narmi's financial institution clients are winning awards like Bankrate's Best Online Bank and Nerdwallet's Best Bank for Online Experience. For more information, please visit narmi.com.