A case study by Praxent⌘
Accelerating financial service modernization: Praxent & Nymbus partnership
In a rapidly evolving world, financial institutions seek innovative solutions to keep up with growing demands.
With cloud-based banking becoming an industry standard, organizations like Nymbus have surged to the forefront, offering end-to-end financial solutions to streamline operations and enhance user experiences. However, the reality of a surging growth trajectory is the inevitable need for strategic support.
The primary objective of this case study is to highlight
how a partnership model can augment an organization’s
existing capabilities and catalyze product development
and implementation, with a focus on:
- Efficient talent acquisition and management.
- Rapid product and service implementation.
- Ensuring improved client experiences without
- compromising service quality.
Strategic Collaboration
Nymbus, already a trailblazer in the sector, recognized the need for specialized skills to further its ambitions. Praxent, boasting over two decades of expertise in fintech, emerged as the ideal partner.
Talent & Geographic Synergy
With a Latin America-based team of engineers specialized in digital banking and mobile app development, Praxent brought in the much-desired time zone compatibility, ensuring efficient and real-time collaboration.
Shared Vision for Innovation
Both firms, leading in their respective domains, shared a vision of transforming and advancing next-generation banking solutions, making this alliance not just strategic but also visionary.
Joint Development Model
While the partnership primarily focused on staff augmentation, the alliance also saw the two firms engaging in joint problem-solving, sharing insights, and co-creating strategies to deliver superior solutions.
Swift Product Implementation
In less than 30 days, Praxent staffed Nymbus with 5 team members and onboarded them successfully to ensure that the client’s roadmap requirements were met and continuous on-time delivery of implementation backlog items.
Stakeholder Satisfaction
Praxent brought on proven industry experts who have specialized in the Nymbus product to assist with tactical Nymbus implementations that have led to high client satisfaction.
Industry Recognition
Gustavo is amazing!
We’re so lucky to have him on Sprinters!
–Customer Scrum Master
Conclusion
The partnership between Praxent and Nymbus serves as a testament to the power of strategic alliances in the fintech space. Through this case study, we aim to underline how an industry veteran and an emerging powerhouse came together to address a pressing need, delivering unparalleled value to their clients and further solidifying their positions as fintech leaders.
What Nymbus had to say
Praxent’s talented engineers, profound expertise in digital banking, and unwavering commitment allowed them to seamlessly adapt and swiftly contribute value to our organization and clients.
Having collaborated with various firms housing talent in Latin America, Praxent has rapidly emerged as a trusted partner by operating in our time zone and displaying exceptional responsiveness, reliability, and remarkable capabilities.
Just 1.5 weeks into the project, the scale from the people we had before vs. partnering with Praxent has been felt, and it’s a good place to be.
In our own words
Tim Hamilton
Founder and CEO, Praxent
