New Kony Digital Banking Marketplace to Feature Innovative Solutions by Best of Breed Partners
AUSTIN, Texas–(BUSINESS WIRE)–November 8, 2017–
Kony, Inc., the leading enterprise mobility and digital applications company, today announced it is expanding its global partner ecosystem with financial technology solutions featured in the Kony Digital Banking Marketplace. The Kony Digital Banking Marketplace is a one-stop shop for pre-built fintech components, integrations and templates, helps banks and credit unions reduce the cost of maintaining and extending their digital banking applications, improves speed and productivity of new development projects, and allows access to some of the most leading-edge and innovative digital experiences in the market.
“Today, banks are faced with the challenge of getting apps out quickly across multiple channels with very limited budgets. At the same time, they are finding that much of the functionality across their apps are duplicated – from authentication to new account onboarding, which requires unnecessary effort, cost and maintenance complexity. They also struggle to keep up with the pace of innovation around new technologies like chatbots, voice recognition or augmented reality,” said Burley Kawasaki, executive vice president, Products, Kony, Inc. “Kony is delivering solutions to help banks and credit unions eliminate this unnecessary expense and inefficacy, as well as accelerate their use of innovation by providing access to a broad ecosystem via the Kony Digital Banking Marketplace. This provides a trusted and curated source for fintech solutions from industry partners that offer best of breed technology with reusable app components, which seamlessly and easily extend our Kony Digital Banking Platform.”
Key benefits of the Kony Digital Banking Marketplace:
- Improves speed and productivity – Rapidly and easily find, import and reuse purpose-built banking assets that extend the Kony Digital Banking Platform for new or existing apps;
- Reduces cost of maintenance – Focus development efforts on core business functionality, and spend less time integrating to third-party partners for common and reusable app features, such as onboarding, signature, multifactor authentication, and other functions;
- Access cutting-edge experiences – Stay current with the latest trends and innovations and bring emerging next-generation experiences (i.e. chatbot, voice/facial recognition, multi-factor authentication, etc.) to customers and members using some of the most innovative industry partners;
- Foster differentiation and innovation – The Marketplace enables banks and credit unions to drive differentiation and innovation, by allowing access to leading edge technologies and providing a facility that allows secure sharing, versioning and reuse of their components within a private marketplace.
The Kony Digital Banking Marketplace and recently announced Kony Digital Banking Platform will be leveraged by digital applications and solutions from both Kony and strategic partners such as Diebold Nixdorf.
“We are proud to continuously progress our partnership with Kony. Our shared goal of open technology delivering differentiated and meaningful consumer experiences will drive Diebold Nixdorf’s vision of connected commerce across the financial and retail industries,” said Alan Kerr, senior vice president, Software, Diebold Nixdorf. “The combination of our transaction engine and automated channel solutions with Kony’s next generation digital banking platform will power digital transformation in innovative ways.”
Some examples of the initial innovation partners in the Digital Banking Marketplace include the following:
- Box – Secure Document Vault
- Daon – Biometric Authentication
- eGain – Text chat
- Fortress Plus – Fraud and crime detection
- Gemalto – Mobile security, multi-factor and biometric authentication
- Jumio – Optical Character Recognition (OCR)
- Lanvera – eStatements
- MX – Personal Financial Management
- Okta – Identity and Access Management, Multi-Factor Authentication
- OnDot – Card Controls
- Vasco – Multiple-Factor Authentication
- API.ai – Natural Language Processing
- Wit.ai – Chatbots
“Banks and credit unions of all sizes today are embracing new digital technologies in order to dramatically improve their customer experience and reduce costs of providing high quality banking services. The ability for banking customers to quickly, effortlessly and securely collaborate with their financial institution is an essential foundation for this new digital experience,” said Vibhor Kapoor, vice president of Marketing, Box Platform. “Box is excited to collaborate with Kony on their Digital Banking vision to help enable powerful content experiences through a pre-built integration with the Box Platform that enables next-generation Digital Banking applications.”
“Daon is pleased to introduce our market-leading product IdentityX to Kony Digital Banking and Marketplace and enable businesses to deliver the highest level of security and a seamless and tailored digital experience with biometrics,” said Conor White, President of Americas, Daon. “With 17 years of experience in large-scale authentication deployments, Daon provides consumers the ability to choose the level of authentication to best serve their needs through our flexible platform, using their own identities such as fingerprint, voice, face and eyes. Daon’s partnership with Kony, a leader in enterprise mobility and digital applications, provides the best mobile solution and solves the demand for simple yet secure authentication.”
“Banks launching new digital banking channels require both more security and a frictionless experience for their consumers,” said Håkan Nordfjell, senior vice president, Digital Banking, Gemalto. “Gemalto’s technology helps banks and financial institutions deliver secure banking apps through multi-factor and biometric authentication capabilities, including facial recognition with Gemalto Mobile Protector. Adding this technology to the new Kony Digital Banking Platform will enable banks to offer the best possible digital banking experience to their customers.”
“Leveraging mobile technology to present financial documents is a game changer. Lanvera is excited to feature our ePresentment in the Kony Digital Banking Marketplace,” said Michael Scheevel, vice president, Sales and Marketing, Lanvera. “Kony has a compelling vision to transform the banking industry with innovative digital solutions that will empower banks to provide a differentiated customer experience.”
“We’re thrilled to be working with Kony to help deliver a money management experience that is second to none. We recognize that the financial industry is undergoing immense change and facing intense competition and we look forward to being a key ingredient in the success of Kony Digital Banking via the Kony Marketplace,” said Don Parker, executive vice president of Strategic Partnerships, MX.
“The banking industry is innovating to provide new, amazing digital customer experiences, focusing on ways to seamlessly and securely create and evolve their customer-facing applications,” said Chuck Fontana, VP of Business Development at Okta. “As a member of the Kony Banking Marketplace ecosystem, Okta’s identity and access management platform will make it easy for banks to secure user authentication, control access policies and give users simple, seamless access all through a streamlined integration to the Okta Identity Cloud – providing a strong foundation for world-class customer experiences.”
“Consumers today demand 24/7 access and control of their finances, and combining mobile banking with Ondot’s mobile card controls into one application drives exponential value to financial institutions,” said Balu Kikkeri, vice president of Customer Success, OnDot. “In today’s always on and rapidly changing world, Kony’s marketplace enables banks and Fintech developers to assemble customized mobile-first solutions with the ease and agility needed to rapidly produce new and innovative mobile experiences.”
For more information about Kony’s Next Generation Digital Banking Solutions:
- Check out the Kony Digital Banking Marketplace
- Get a free demo and assessment: www.kony.com/digitalbanking
- Watch the Kony Digital Banking video www.kony.com/digitalbanking
- Download a complimentary copy of “The App Dilemma: Meeting the High Expectations of Business” here: Survey
Kony is a recognized leader in the enterprise mobility space. Recently, Kony was named the only Leader in the Gartner Magic Quadrant for Mobile App Development Platforms Report for five consecutive years. In addition, Kony was named a “Leader” by independent research firm Forrester Research, Inc., according to The Forrester Wave™: Low-Code Development Platforms for AD&D Pros, Q4 2017 and Mobile Low-Code Development Platforms reports. Kony has also been named a “Leader” in the IDC MarketScape: 2017 North American Mobile Banking and Payments report, with the highest rating for Mobile Banking capabilities.
About Kony, Inc.
Kony is the fastest growing, cloud-based enterprise application and mobility solutions company, and a recognized industry leader among mobile application development platform (MADP) providers. Kony helps organizations of all sizes drive business ingenuity by rapidly transforming ideas into innovative and secure omnichannel applications. Built on the industry’s leading digital platform, Kony provides the most innovative and secure omnichannel applications, with exceptional user experience and app design. Kony’s cross-platform, low-code solution also empowers organizations to develop and manage their own apps to better engage with their customers, partners and employees. By seamlessly leveraging and connecting apps to all types of data sources and information, Kony also enables organizations to transform their business processes and gain valuable insight. Kony was named the first place winner in CTIA’s MobITs Awards in the Mobile Applications, Development & Platforms category and included on the Inc. 500|5000 list of fastest growing private companies in America.