Kony Announces Digital Banking Marketplace Expansion

Kony, Inc., an enterprise mobility and digital applications company, today announced it is expanding its global partner ecosystem with financial technology solutions featured on the Kony Digital Banking Marketplace.

According to Kony, the  Digital Banking Marketplace is described as  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. While sharing more details about the marketplace, Burley Kawasaki, Executive Vice President of Products, Kony, Inc., stated:

“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.”

Kawasaki then went on to explain:

“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.”

Kony also revealed that the Digital Banking Marketplace and recently its announced Digital Banking Platform will be leveraged by digital applications and solutions from both Kony and strategic partners such as Diebold Nixdorf. Alan Kerr, Senior Vice President of Software at Diebold Nixdorf, added:

“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. 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.”

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