Digital Banking Answer Supplier Apiture Completes Stay Oak Financial institution’s Migration to Up to date Platform

Apiture, a supplier of digital banking companies, reveals that it has accomplished Stay Oak Financial institution’s retail financial institution migration to Apiture Open.

After the deployment of Stay Oak Financial institution‘s enterprise banking expertise utilizing Apiture Open final 12 months, the banking establishment had additional expanded the connection to transform greater than 60,000 deposit accounts from a conventional, legacy Core and in-house constructed digital financial institution answer to Apiture’s API-first platform.

The service makes use of Apiture Open together with strategic companions Finxact, Savana, and Payrailz. Apiture Open permits Stay Oak Financial institution to supply a unified expertise for retail and enterprise purchasers to originate, fund, and handle accounts.

After the migration course of, Stay Oak Financial institution will maintain utilizing Apiture Open’s APIs together with vertically oriented tech companions to develop the general capabilities, effectivity, and analytics of their platform for the financial institution’s purchasers.

Chris Babcock, CEO at Apiture, said:

“Stay Oak Financial institution exhibits unwavering dedication to their clients, additional bolstered by their dedication to offer the very best digital expertise within the business. The Apiture staff is proud to be a associate in Stay Oak Financial institution’s journey, and we look ahead to continued innovation on this cutting-edge platform.”

Apiture gives high quality digital experiences for banking establishments and credit score unions to allow them to meaningfully compete in a fast-evolving business. The Apiture Open platform has been utilizing APIs to curate all-digital companies with none limitations for monetary establishments.

James S. (Chip) Mahan, III, Stay Oak’s Chairperson and CEO, remarked:

“This conversion marks the start of a brand new period in banking. Apiture and our ecosystem companions are essential in delivering an open banking platform that enables us to deal with every of our clients like the one buyer within the financial institution. You merely can’t try this on legacy expertise and we’re thrilled to be dwell with Apiture Open’s next-generation platform to ship on our mission to be America’s small enterprise financial institution.”