Narmi
Narmi is a New York-based digital banking technology company founded in 2016 that provides community banks and credit unions with a unified digital banking, account opening, payments, fraud, lending, and AI platform built on a single codebase.
- Company typePrivate
- Founded2016
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Narmi does
Narmi is a New York-based digital banking technology company founded in 2016 that provides community banks and credit unions with a unified digital banking platform called Narmi One. The platform is built on a single codebase spanning consumer and business digital banking (Narmi Banking), omnichannel account opening (Narmi Grow), back-office administration (Narmi Command), instant payments over the Federal Reserve's FedNow Service (Narmi Now), fraud prevention (Narmi Guard), an open API platform with marketplace (Narmi Open), embedded lending (Narmi Lend), and agentic AI capabilities (Narmi AI) including the first Model Context Protocol server deployed by a U.S. bank. The platform integrates natively with nine or more core banking systems, including Corelation KeyStone (where Narmi holds Full Platform Certification), FIS IBS, FIS Horizon, Jack Henry Symitar, Jack Henry Silverlake, Fiserv Premier, Fiserv DNA, and COCC, enabling 49-90 day implementation timelines compared to longer industry norms.
Narmi firmographics
Firmographics- Name
- Narmi
- Legal name
- Narmi Inc.
- Website
- https://narmi.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Narmi is a New York-based digital banking technology company founded in 2016 that provides community banks and credit unions with a unified digital banking, account opening, payments, fraud, lending, and AI platform built on a single codebase.
- Ownership category
- akta.pro rank
Where Narmi is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Narmi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Platform Subscription: Narmi operates as a B2B SaaS platform providing digital banking technology to financial institutions on a subscription basis. The platform is sold as an integrated suite (Narmi One) covering banking, account opening, payments, fraud, lending, and AI capabilities. Pricing is quote-based and tailored to each institution's assets and needs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Full platform SaaS subscription with quote-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
Narmi product offering
Product offeringCore offering
Narmi provides a B2B SaaS digital banking platform (Narmi One) for community banks and credit unions. The platform, built from a unified codebase, delivers consumer and business digital banking, omnichannel account opening, instant FedNow payments, fraud prevention, embedded lending, and agentic AI capabilities. It integrates with major core banking systems including Corelation Keystone, FIS, Jack Henry, Fiserv, and COCC, enabling financial institutions to deploy modern digital experiences typically within 49–90 days.
Product overview
Narmi is a digital banking technology company offering a platform-plus-modules architecture called Narmi One. The core platform unifies digital banking, account opening, payments, fraud prevention, and APIs into a single cohesive system. The product portfolio consists of: Narmi Banking (consumer and business digital banking), Narmi Grow (account opening solutions with 80% completion rates), Narmi Command (digital back-office administration), Narmi Now (FedNow-based instant payments), Narmi Guard (fraud prevention with 99% fraud reduction), Narmi Open (API-driven open platform with AppXchange marketplace), Narmi AI (agentic AI capabilities including secure messaging, promotions, and MCP server), and Narmi Lend (embedded digital lending). The platform integrates with major core banking systems including Corelation Keystone, FIS IBS, FIS Horizon, Jack Henry Symitar, Jack Henry Silverlake, Fiserv Premier, Fiserv DNA, and COCC. Narmi targets community banks and credit unions, providing technology to help them compete against mega-banks and fintechs.
Differentiator
Problem solved
Functional benefit
Brands
- Narmi One: The flagship digital banking platform combining all Narmi products into a single integrated platform.
- Narmi Banking
- Narmi Grow
- Narmi Command
- Narmi Now
- Narmi Guard
- Narmi Open
- Narmi AI
- Narmi Lend
Products and services
- Narmi One The unified digital banking platform that combines all Narmi products—digital banking, account opening, payments, fraud prevention, and APIs—into a single cohesive experience for community banks and credit unions.
- Narmi Banking Consumer and business digital banking solution offering comprehensive financial management, seamless money movement, and an intuitive user experience. Supports 542K active users with a 4.6/5 average app rating.
- Narmi Grow Consumer and business account opening solution with omnichannel capabilities, achieving 80% application completion rates versus industry standard of 30%. Has helped clients open over 111,000 accounts.
- Narmi Command Streamlined digital back-office platform providing centralized administration for fraud approvals, payment oversight, and staff operations.
- Narmi Now Instant payments solution built on the Federal Reserve's FedNow Service, enabling real-time payments at the point of decision within the Narmi Banking experience.
- Narmi Guard Fraud prevention suite providing end-to-end security with KYC/KYB verification, behavioral analytics, biometric authentication, and device intelligence. Delivers 99% reduction in fraud through intelligent, automated decisioning.
- Narmi Open API-driven open platform enabling financial institutions to customize offerings, integrate with fintech partners, and extend digital banking capabilities. Includes AppXchange marketplace for partner integrations.
- Narmi AI Agentic AI capabilities powering the future of community banking, including AI-powered secure messaging, digital marketing promotions, custom audiences, and the Narmi MCP Server for AI-driven financial insights.
- Narmi Lend Embedded digital lending solution that surfaces personalized loan offers in real time within digital banking, integrating natively with Corelation Keystone and Symitar ELA for real-time funding and decisioning.
Quantifiable outcome
- 80% application completion rate vs. 30% industry standard for account opening
- +12 more outcomes
Companies that use Narmi
Customer profileNamed customers11 records
Segments2 records
Ideal customer profiles2 records
Narmi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability9 records
Feature9 records
Narmi partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered notable, flagship and core.
- Alma BanknotableNarmi partnered with Alma Bank to launch a next-generation digital banking platform for the bank's consumer and business customers in the New York metropolitan area. The platform includes upgraded bill pay, Zelle for Business, and improved wire transfer capabilities, with plans to expand in 2026 with additional account opening features.
- Mocse Credit UnionnotableMocse Credit Union partnered with Narmi to modernize its digital banking infrastructure by migrating to Narmi One. The credit union supports 30,000 members across four counties in Central California with $427 million in assets under management.
- CTBC Bank USAnotableCTBC Bank selected Narmi as its digital banking technology partner for its US subsidiary, implementing components of Narmi's API-driven digital banking platform covering account opening, consumer digital banking, and business digital banking capabilities.
- Grasshopper BankflagshipGrasshopper Bank and Narmi expanded access to generative AI technology by integrating ChatGPT and OAuth to streamline financial workflows, building on their partnership to launch the first MCP server by a U.S. bank for AI-driven insights.
- Corelation (Keystone Core)flagshipNarmi achieved Full Platform Certification on the Corelation KeyStone core, making it both a strategic and technically certified partner of Corelation. The certification provides client credit unions with confidence that Narmi follows Corelation best practices through the KeyBridge API.
- FIS (IBS and Horizon)coreNarmi has deep integrations with FIS IBS and FIS Horizon core banking systems via Code Connect, enabling digital-first banking experiences for FIS-based financial institutions.
- Jack Henry (Symitar and Silverlake)coreNarmi is a Symitar VIP member and has integrations with Jack Henry Silverlake via the jXchange API. These integrations enable banks using Jack Henry cores to deploy Narmi's digital banking platform with rapid implementation timelines.
- Fiserv (Premier and DNA)coreNarmi has established integrations with Fiserv Premier (via Communicator Open) and Fiserv DNA (via VPN connection), enabling quick and reliable deployment of Narmi's digital banking solutions for Fiserv-based financial institutions.
- COCCcoreNarmi has a direct VPN-based integration with COCC core banking system, enabling banks and credit unions on COCC to deploy Narmi's account opening and digital banking platform with quick go-live timelines.
- AlloynotableNarmi integrates with Alloy for identity verification and KYB/KYC checks during account opening and lending processes, and is one of the first to bring Alloy Journeys and SDK to financial institutions.
- AnthropicnotableNarmi's staff-facing AI features (secure messaging and promotions) are powered by Anthropic's Claude model, accessed securely through AWS Bedrock. Anthropic contractually agrees not to train on institutional data.
- AWS (Amazon Web Services)notableNarmi AI features are accessed through AWS Bedrock, which serves as the infrastructure layer for accessing AI models including Anthropic's Claude.
Scale indicators8 records
Recent moves6 records
Expansion highlights7 records
Narmi competitors and assessment
Company assessmentDirect peers
- Jack Henry (Banno Digital Banking): Jack Henry's Banno digital banking platform is a direct competitor serving community banks and credit unions, including Symitar and Silverlake core clients that overlap with Narmi's target market. As a core vendor with bundled pricing, Jack Henry is among Narmi's most direct and formidable competitors.
- Alkami Technology (Q2 / Q2ebanking): Alkami, formed through the Q2 + Alkami merger, is a leading digital banking platform for community banks and credit unions. It serves a directly comparable customer base with a comparable product portfolio including digital banking, account opening, and marketing/analytics — competing head-to-head with Narmi in the same buyer evaluations.
- Candescent: Candescent (formerly NCR Digital Banking, acquired by Veritas Capital) provides digital banking software to community and regional banks. It is a directly comparable platform competitor with significant installed base among community FIs and competes with Narmi on similar core integration breadth.
- Lumin Digital: Lumin Digital is a cloud-native digital banking platform purpose-built for credit unions and community banks. It competes directly with Narmi's Narmi Banking and Narmi Grow modules and is frequently evaluated alongside Narmi in credit-union RFPs.
- Apiture: Apiture (backed by J.D. Gallop / Apollo) provides digital banking APIs and platform software to banks and credit unions. Its open-API architecture and bank/credit union focus make it a directly comparable competitor to Narmi, particularly for institutions seeking API-driven modernization.
Broad incumbents
- FIS (Digital One / IBS / Horizon): FIS is a top-tier core banking and digital banking incumbent whose Digital One suite competes with Narmi across FIS IBS and FIS Horizon core clients (a market Narmi explicitly targets via Code Connect integration). FIS bundles digital banking with core, posing a competitive threat through integration depth and scale.
- Fiserv (DNA / Premier / Output Solutions): Fiserv is a major core banking vendor whose DNA, Premier, and Output Solutions digital banking offerings overlap with Narmi in community banks. Narmi integrates with Fiserv via Communicator Open and VPN, but Fiserv also competes directly for the same digital front-end contracts.
- Temenos: Temenos is a global banking software incumbent providing core and digital banking platforms. While its strongest footprint is outside the US community FI segment Narmi targets, Temenos competes in adjacent mid-market and digital transformation deals and represents a broader incumbent competitive set.
- Finastra: Finastra is a large banking software vendor offering core, digital, and lending platforms. It overlaps with Narmi at community and regional banks globally, particularly in digital channel and lending modernization initiatives.
Emerging players
- Bankjoy: Bankjoy is a smaller, mobile-first digital banking platform serving community banks and credit unions. It represents a meaningful emerging competitor with overlapping functionality (mobile banking, online banking, bill pay) for smaller FIs evaluating Narmi's Narmi Banking product.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Narmi social profiles
Digital presenceNarmi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Narmi leadership team
Management profileNumber of profiles
Profiles5 records
Narmi funding detail
Funding detailFunding overview
Funding rounds6 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Narmi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Narmi
What does Narmi do?
Narmi provides a B2B SaaS digital banking platform (Narmi One) for community banks and credit unions. The platform, built from a unified codebase, delivers consumer and business digital banking, omnichannel account opening, instant FedNow payments, fraud prevention, embedded lending, and agentic AI capabilities. It integrates with major core banking systems including Corelation Keystone, FIS, Jack Henry, Fiserv, and COCC, enabling financial institutions to deploy modern digital experiences typically within 49–90 days.
Is Narmi a public or private company?
Narmi is a private company. It is classified as venture growth investor backed and is currently operating.
When was Narmi founded?
Narmi was founded in 2016. It employs 101 to 250 people.
Where is Narmi based?
Narmi is headquartered in New York, United States, in the North America region.
How does Narmi make money?
One revenue line is on record: saaS Platform Subscription.
Who are Narmi's main competitors?
Direct peers on record are Jack Henry (Banno Digital Banking), Alkami Technology (Q2 / Q2ebanking), Candescent, Lumin Digital and Apiture. Broad incumbents are FIS (Digital One / IBS / Horizon), Fiserv (DNA / Premier / Output Solutions), Temenos and Finastra. Bankjoy is listed as an emerging player.
Does Narmi have an API?
Yes. Narmi offers a comprehensive API platform including three primary APIs: (1) Narmi Public API for extracting data generated within the Narmi platform to open new pathways for growth and innovation; (2) Narmi Admin API for powering Webhooks or custom admin functionality across all accounts on an environment; (3) Narmi Account Opening API for building custom account opening flows or widgets. The platform also includes a Model Context Protocol (MCP) server that enables business customers to analyze cash flow, balances, and transactions with AI assistants like Claude or ChatGPT without exposing sensitive data. The MCP server operates on a read-only basis, allowing AI assistants to analyze customer financial data but cannot initiate transactions or expose raw account credentials. Developer documentation is at docs.narmi.com.