Kony Announces One-Stop-Shop for Digital Banking Solutions

Kony, a developer of apps for the enterprise, has announced a new curated selection of digital banking solutions aimed at helping clients get the services and capabilities they need more quickly.

Kony Announces One-Stop-Shop for Digital Banking SolutionsCalled the Kony Digital Banking Marketplace, the platform offers solutions from a range of partner companies. Jumio’s Optical Character Recognition technology is featured, for example, and Daon’s multimodal biometric authentication solution is also available, while Wit.ai offers chatbot technology and Box provides cloud-based document storage. Other partners involved in the Marketplace include API.ai, eGain, Fortress Plus, Gemalto, Lanvera, MX, Okta, OnDot, and Vasco.

As Kony Products EVP Burley Kawasaki explains in a statement announcing the platform, while banks are racing to launch apps across multiple channels, they are constrained by budgetary concerns, and oftentimes “much of the functionality across their apps are duplicated – from authentication to new account onboarding, which requires unnecessary effort, cost and maintenance complexity.” Meanwhile, banks often “struggle to keep up with the pace of innovation around new technologies like chatbots, voice recognition or augmented reality.” The Kony Digital Banking Marketplace, then, offers an expert-curated, one-stop-shop for solutions that can be easily deployed to meet a range of needs.

News of the Marketplace comes soon after Kony’s announcement of its Kony Digital Banking Platform, which leverages Daon’s biometric authentication technology to enable digital financial services. Kony says that platform will launch in the spring of next year.

November 8, 2017 – by Alex Perala