Sagehaven Selects Nymbus to Power Digital-First Bank

Nymbus provides modern core banking and digital infrastructure designed to help financial institutions launch and operate deposit, account and online banking services. Sagehaven Bancorp, a bank in formation that plans to be headquartered in Pittsburgh, aims to build a digital-first institution serving customers nationwide. Its choice of core technology is therefore a key step that will shape product development, operating capacity and the pace of its planned market rollout.

Nymbus said Sagehaven had selected its platform as the technology foundation for the planned national bank. The partnership will support Sagehaven’s digital-first operating model and provide the infrastructure needed to develop and deliver banking services. The companies did not disclose the contract value, agreement length, announcement date or targeted opening timetable. The latest milestone confirms that Sagehaven has chosen a core technology provider while it continues preparations for launch.