LONDON and BUDAPEST, Hungary, February 10, 2014 /PRNewswire/ --
First solution on
the market uniting core and digital banking for banks
Misys, the leading financial software company has acquired IND
Group, the leading innovator in digital channels solutions. The
acquisition adds world-class consumer-oriented solutions to Misys'
leading core banking capabilities, delivering the broadest retail
banking solution in the market.
IND Group is an innovator and provider of award-winning online
and mobile banking, personal finance management and payments
solutions. Founded in 1997, it now has more than 30 clients
around the world, including Alior, Erste Bank, and UBS, supported
by over 200 employees based from eight offices. IND's digital
solutions enable banks to differentiate themselves from their
competitors by delivering the highest quality experience to
customers online.
This acquisition builds on the partnership which Misys signed
with IND Group in March 2013 and will
augment future investment in the combined offering. IND brings to
Misys a wealth of technical expertise, innovation and a passion for
changing the way in which banks interact with customers. The suite
of pre-integrated solutions is now available to all banks,
including Misys' 500 plus core banking customers, equipping them to
deliver an omni-channel experience to consumers. These customers
are now able to leverage greater customer insight across both
branch and online interactions banks, transforming their digital
channels into a customer engagement and sales business, giving more
opportunities for revenue generation.
"This is very exciting for us and our customers," comments
Nadeem Syed, Misys CEO. "The market
for digital banking is exploding. More than half a billion people
already use mobile devices for personal banking and this is set to
double in the next four years. This deal reinforces our digital
banking proposition in this rapidly expanding area by adding
world-class consumer-oriented solutions to our offering. It helps
us continue to grow our business, following six straight quarters
of revenue growth, and secure our leadership position in
banking."
"The acquisition of IND Group makes perfect strategic sense,"
states Alex Kwiatkowski, Head,
IDC/Financial Insights Europe. "The timing is ideal in order to
capitalise on the opportunities which are emerging in Europe and Asia. IDC believes IND's advanced digital
banking platform will fit seamlessly into the existing Misys
product portfolio, delivering new omni-channel services and
enhanced experiences to banks and their customers. 2014 is set to
be the year when financial institutions begin the process of
deciding upon their core systems transformation strategy, and
digital channels will be an intrinsic element in this planning
activity. In bringing IND into the family, Misys has strengthened
its ability to help banks progressively transform in order to meet
future market needs and achieve success through the intersection of
people, process and technology."
Balázs Vinnai, IND Group CEO, adds, "Our vision has always been
to help every person on the planet better understand their daily
finances and give everyone the chance to have an easier and
healthier financial life. Consumers look for convenience and ease
when choosing financial products. We equip banks with the tools to
improve the experience for anyone dealing with their finances.
Joining Misys will help make this global vision a reality faster by
accelerating the development of our digital channels
solutions."
Misys plans to increase investment in all areas of the business,
further scaling it and increasing geographic reach for the
innovative solutions. This ensures that more Misys customers can
gain a significant competitive edge in digital banking.
Solutions are available pre-integrated with Misys BankFusion and
will add value to all core banking customers, delivering faster
digital channel deployments. Misys will leverage technology from
both organisations to create genuinely omni-channel customer
journeys across branch and digital channels. Banks will be able to
understand their customers better, deliver targeted marketing and
drive revenue.
- To view the video of Nadeem
Syed, Misys CEO, and Balázs Vinnai, IND Group CEO click
here
- For more information on the two companies, click here
- http://www.misys.com
About IND Group
IND Group provides innovative best-in-class digital banking
technology for financial institutions. The key differentiator of
our banking and payments solutions is the deep focus on customer
experience and enhanced sales capabilities. With IND banks can have
sophisticated, differentiating digital solutions while still
managing their costs. We evolve online banking technology to web
2.0, turning it into a sales and customer engagement platform.
Social networks or mobile apps, have raised customer
expectations - towards banks as well. We help the financial
community to meet these expectations based products that were
designed using data visualisation, simplification of banking
language and extensive usability testing. Our product portfolio
includes sales utilization tools as well as elements for
strengthening customer loyalty.
About Misys
Misys provides the broadest portfolio of banking, treasury,
trading and risk management solutions available on the market. More
than 1,900 banks and financial institutions use Misys software to
run their businesses, all benefitting from the continual investment
in innovation and product quality. Misys solutions create value
across banking and trading book operations, underpinned by the deep
domain expertise and experience of Misys employees and partners who
help ensure customers get maximum benefit from the solutions and
operate more effectively.
With high quality products and support Misys customers are able
to grow and protect their long-term technology investments. Misys
has the broadest range of solutions available to meet the most
complex requirements. Visit http://www.misys.com to see how Misys
and its extensive network of partners can add value to the
financial services industry.
For further information please contact
Edward Taylor
Global Head of Public Relations
Tel: +44-(0)20-3320-5530
Email: edward.taylor@misys.com
SOURCE Misys