Horicon Bank announced this week it teamed up with Finastra and Malauzai to launch its new full digital banking platform for both its retail and business customers. The bank successfully launched the online and mobile banking platform for retail customers in January 2018 with plans to launch the business platform this upcoming summer. While sharing more details about the platform, Chief Information Officer of Horicon, Mark Nelson, stated:
“My focus has always been on meeting the needs of our customers, both businesses and consumers. I recognized we needed an advanced digital banking solution, we needed to digitally transform our self-service channels. Consumers are going to get a great set of new features and advancements. In addition, businesses are going to benefit with an offering that scales from a smartphone to the desktop. We service a lot of small business owners that work in the agricultural community, and they have unique banking needs. We evaluated customer needs in advance to understand how they would actually use the solution, what features added the most value and what was missing from other solutions in the market. Having a sophisticated business offering is a huge competitive advantage.”
Robb Gaynor, Chief Product Officer of Malauzai, also commented:
“Horicon Bank, with Mark’s leadership, is one of the most innovative banks we partner with. The bank understands that the key to success in this market is to really focus on the end-user experience and design a product that is unique and feature-rich. This is a really exciting time for Horicon and its customers. We believe it will be a game changer in their community.”
Horicon added it recently completed a successful pilot of its modern payments solution for businesses, HB Pay, which will be available for business customers later this month, helping these businesses get paid faster and cheaper.