Banking / Financial

Valley Bank Launches Fintech Innovation Platform

Valley National Bank has launched a new innovation platform that, according to the financial institution, will accelerate and enhance its collaboration with fintech companies to meet the needs of its customers in a rapidly evolving digital environment.

Powered by NayaOne, the platform is already integrated with the products and services of hundreds of fintech companies through an onboarding process. It also provides a set of tools to create and apply synthetic data, allowing Valley and its fintech partners to test drive new solutions at pace within a safe, structured, and separate sandbox environment.

“This platform shows how regional and community banks can access and leverage fintech products and services to meet and even exceed customer expectations through partnerships,” said Stuart Cook, CIO for Valley Bank. “Valley is committed to inventing on behalf of our customers, while supporting an amazing network of fintech partners. With this launch, we are deploying a more efficient design-and-test process, which will ultimately help us reduce the time-to-market to deliver new solutions.”

NayaOne is a leading financial technology company focused on bringing financial institutions and the fintech ecosystem together to accelerate digital transformation and innovation in the financial services industry. NayaOne’s platform provides a single point of access to the latest fintech innovations and data, enabling financial institutions to stay ahead of the competition in a rapidly changing digital landscape.

As the principal subsidiary of Wayne-based Valley National Bancorp, Valley National Bank is a regional bank with approximately $57 billion in assets.

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