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Nxtsoft

Can NXTsoft become the universal API connectivity layer that enables US community banks and credit unions to embed any FinTech service without custom integrations?

HQBirmingham, Alabama, USA
IndustryInfrastructure / Open banking
The story

NXTsoft evolved from a data connectivity and data migration company for financial institutions into a full open banking infrastructure provider. The company's 'Connectivity as a Service' and OmniPlatform API offerings position it as middleware between core banking processors (such as Jack Henry) and FinTech applications, enabling banks and credit unions to consume third-party services without direct integrations. The NXTsoft Marketplace represents its bid to become the API aggregation layer for US community financial institutions navigating open banking regulatory change. The company has since rebranded its identity partially under 'Kinective' (kinective.io).

Last 12 months
2022-04
Product timeline
2021
NXTsoft partnered with Upstart to streamline delivery of AI-based lending platform to banks and credit unions via API connectivity.· lending
2022
Launched 'Connectivity as a Service' — a zero-integration API platform enabling financial institutions and FinTechs to prepare for open banking regulatory requirements amid core processor unbundling.· pivot
2022
Launched NXTsoft Marketplace, an open banking marketplace for financial institutions and FinTech integrations.· banking
The stack
Lending
UpstartAPI-connected AI lending platform delivery (via Upstart partnership)
Open banking
NXTsoft OmniPlatform (self-operated)
Accounting gap: none