Nymbus, a startup taking on what is arguably banking’s biggest problem — aging, outdated cores — announced a new product today called SmartLaunch, which “enables financial institutions to stand up a turnkey digital brand under their existing charter in as few as 90 days.”

This is an interesting move from Nymbus. Rather than converting an existing core (or cores, in the case of many banks) Nymbus proposes to build a new core alongside the old one, and even help develop an ancillary brand. This can be an inexpensive alternative to the “heart transplant” a core replacement requires, and can allow banks to test modern cores with a smaller customer base.

Down the road, the main bank customer base could be moved to this newer tech stack, if it all pans out. Examples of this in action at the megabank level, though not done with Nymbus, include Hello Bank from BNP Paribas and Finn from JPMorgan Chase.

The digital bank created by Nymbus will offer a modern unsiloed core with digital account opening and naturally, no need for branches. (A branch with no human staff opened in Shanghai yesterday). Nymbus announced these features in its press release:

• Full outsourced operations for account opening, checking and savings accounts
• Debit card issue and management
• AML/BSA compliance
• Workflow management for complete process audit and control
• Complete digital marketing support
• 24/7/365 support

American Banker noted the service already has a customer — $100 million Surety Bank, in Deland, Fla., already a Nymbus customer.

Read more at NYMBUS and American Banker.