Bank3 Selects Tyfone to Modernize Digital Banking Services

~ Memphis-based community bank bolsters customer experience and strengthens long-term technology roadmap ~

FOR IMMEDIATE RELEASE

MEDIA CONTACTS:
Tyfone
Laura Lenz // Anna Stanley
laura@williammills.com // anna@williammills.com
678.781.7226 // 251.517.7857

 

Bank3
Monica Parks, CIO
media@bank3.com
901-623-2283

 

PORTLAND, Ore. – Sept. 18, 2024 – Digital banking provider Tyfone today
announced Bank3 selected its nFinia® Digital Banking platform to provide
commercial and retail account holders a more intuitive and engaging
experience, while also streamlining and automating back-office processes.
The bank’s future growth initiatives are focused on a wide range of commercial
and retail capabilities, leading the team to find a holistic banking solution that
supported its current and future needs.

“Banks cannot afford to be stagnant when it comes to technology,” said
Monica Parks, Chief Information Officer at Bank3. “After reviewing what felt like
was every digital platform under the sun, there was no doubt that Tyfone truly
offered what we needed. They showed us solutions that not only solve today’s
challenges but will also meet us where we need to be at different milestones in
the future. The team at Tyfone has extensive knowledge and expertise, and
their solution has unique capabilities that make them and nFinia the strongest
options for Bank3.”

Based in Memphis, Tenn., the $450 million asset bank was searching for a
platform that was futuristic yet designed with intention. According to Bank3, its
team was impressed with the platform’s configurable design, including the
ability to easily integrate with third-party payments and personal finance
solutions, coupled with Tyfone’s extensive industry expertise, offering innovative
AI-driven search functionalities and back-office efficiency gains. Additionally,
nFinia offers Bank3 account holders the ability to manage both personal and
commercial accounts from a single log in.

Parks continued, “At Bank3, our primary goal is to make sure our customers
have the tools they need to manage all their banking needs in the most
efficient and convenient way possible. The platform is logical, intuitive and
clean without being burdensome and busy.”

Tim Clements, Senior Vice President and Treasury Management Division Head
at Bank3, said, “I’ve gone through digital shifts with large regional banks and
small community banks alike. The vendors that have been around for a while
offer the same, canned products, but it was obvious right away that following
the status quo wasn’t Tyfone’s style. Tyfone understands the world is changing
and that banks need something different to propel them in this dynamic
environment.”

The bank has also signed for Tyfone’s Instant Payment Xchange (IPX), an
instant payments solution enabling both send and receive capabilities for the
Bank’s account holders on the FedNow network.
“Our teams are both committed to deploying innovative technology that
makes banking more convenient, secure, and efficient, with the goal of
strengthening our communities,” said Siva Narendra, CEO of Tyfone. “We are
proud to have Bank3 as our customer and are excited to build solutions that
will help them compete with everything from mega banks, big tech and
fintechs, and local competitors for years to come.”

 

About Bank3
Bank3, is a Memphis, Tennessee-based commercial bank serving a niche
encompassing business of all sizes, personalized retail banking, and mortgage
lending. Operating from five banking centers in West Tennessee and North Mississippi,
and a Nashville area lending office, our customer-focused approach is guided by the
belief in the importance of three key tenets-Talent, Tradition, and Technology. We are
driven to meet the ever-evolving needs of our customers and the communities we
serve. To learn more about Bank3, visit https://www.bank3.com/ and connect on
LinkedIn.

About Tyfone Inc.
Based in Portland, Ore., Tyfone is a leading provider of consumer and commercial
digital banking services for community financial institutions throughout the U. S. We
understand that an elegant, engaging, intuitive user experience is the minimum
requirement for any digital banking provider. What differentiates Tyfone is our
unwavering commitment to continuous innovation, exceptional collaboration, and
superior execution. We consider each customer a true partner and place the highest
value on every relationship. To learn more about Tyfone, visit Tyfone.com and connect
on LinkedIn.