Neural Payments and Narmi Partner To Offer Embedded P2P Functionality

Melissa Kopp

​Neural Payments, a peer-to-peer (P2P) payments pioneer, has announced its official integration with Narmi, a leading provider of digital banking solutions. The partnership will enable Narmi clients to offer a fully integrated API P2P solution from their digital banking platforms. With Neural Payments P2P fully embedded within the Narmi digital banking experience, financial institutions can attract new consumers looking for a more convenient omnichannel approach to their P2P experience via a seamless out-of-network experience.
 
“Our partnership with Neural Payments gives users of our financial institutions more options for moving their money in Narmi’s digital banking platform,” said Edwin Akrong, VP of Product at Narmi. “We’re committed to constantly evolving our offerings, ensuring financial institutions have access to the most cutting-edge payment solutions in the market.”
 
Financial institutions on Narmi can now facilitate effortless fund transfers for users, both in and out of the Neural Payments ecosystem via existing integrations with third-party wallets and accounts tied to debit cards. This is in contrast to the traditional P2P experience, which restricts users to transacting within the same platform. With the Neural Payments P2P solution, financial institutions on Narmi will be positioned to capture deposits and reach new user markets while reducing transaction fees and the risk of fraud.
 
“Neural Payments is reshaping the P2P payment landscape by offering an open-loop system that transcends traditional banking boundaries,” said Melissa Kopp, Director of Client Experience. “Our partnership with Narmi will give community and regional financial institutions access to simpler and faster P2P payments, making it easier and more secure for financial institutions to capture new deposits and broaden their consumer base.”

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