NYMBUS®, a leading provider of banking technology solutions, announced the appointment of Frank McAnally as its new Chief Financial Officer (CFO). With over 20 years of experience in the technology and financial services sectors, he brings an impressive track record of driving corporate finance, treasury, business analytics and strategy that will be instrumental as Nymbus continues to thrive in the digital banking market by empowering financial institutions through its unique GROW business model. McAnally will succeed Jim Modak.
“The company’s disruptive business model addresses an immediate opportunity for financial institutions to transform by serving the unique banking needs of niche markets. It’s a privilege to contribute in the effort and help drive meaningful growth for the industry.”
“Frank’s career achievements at leading the finance functions to help scale high-growth companies is a tremendous asset to the team, as we partner with more banks and credit unions who recognize Nymbus as their opportunity to compete outside traditional boundaries,” said Jeffery Kendall, Chairman and CEO of Nymbus. “We welcome Frank’s leadership as we continue our progress as a company, and also thank Jim Modak for all of his contributions towards our present success and wish him well in his future endeavors.”
Previous to Nymbus, McAnally held the CFO role at healthcare payment leader InstaMed, where he financially architected the company’s strategic sale to JP Morgan Chase valued at more than $500 million.
Prior to InstaMed, he was with SunGard Data Systems for 16 years, rising within the organization to become its Global Head of Financial Planning and Analysis. In 2015, McAnally helped lead the corporate finance team in a successful liquidity event, concluding with the strategic sale of SunGard to Fidelity National Information Services Inc. (FIS) valued at $9.1 billion. He continued to serve as CFO of the Institutional and Wholesales business at FIS, where he was responsible for over $2 billion in annual revenues.
“I’m proud to join the esteemed colleagues at Nymbus at this pivotal time,” said McAnally. “The company’s disruptive business model addresses an immediate opportunity for financial institutions to transform by serving the unique banking needs of niche markets. It’s a privilege to contribute in the effort and help drive meaningful growth for the industry.”
