**BREAKING: Alma Bank Partners With Narmi for Digital Banking Overhaul**
Narmi has secured a new partnership with Alma Bank to provide digital banking solutions for the New York City-based community financial institution. The deal was announced today and marks another expansion for the digital banking platform provider into the competitive New York metropolitan market.
Alma Bank, headquartered in Long Island City, will transition its digital infrastructure to Narmi’s platform as part of efforts to modernize its customer-facing technology. The move affects the community bank’s retail and business banking customers who will gain access to updated online and mobile banking capabilities.
The partnership reflects intensifying pressure on regional and community banks to upgrade legacy systems and compete with larger institutions and fintech challengers on digital experience. For Narmi, the deal strengthens its foothold among community banks seeking turnkey digital transformation solutions without building proprietary technology.
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FXnCO Insight
** Community banks partnering with established fintech platforms signals continued consolidation in banking technology infrastructure, creating potential M&A opportunities in the digital banking solutions space.
Source: Finextra