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3 FIs renew partnerships with mobile banking providers

$1.4B Beacon Credit Union selects NCR Corp for digital capabilities

Brian StonebyBrian Stone
September 14, 2022
in Banking
Reading Time: 3 mins read
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Banks and credit unions are looking to mobile offerings to ensure they have the digital products consumers now expect amid widespread adoption on the heels of the COVID-19 pandemic.

Read More: Bank of America sees 1B digital logins in July

The largest banks and credit unions by asset size to renew their partnerships with technology providers and their mobile banking platforms in July, according to an FI Navigator report provided to Bank Automation News, include:

1. Beacon Credit Union

The $1.4 billion Wabash, Ind.-based Beacon Credit Union tapped software provider NCR Corporation and its NCR D3 digital banking app.

Atlanta-based NCR Corporation’s API-driven platform can be highly customized and hosted or deployed on-premises to assist banks with streamlining mobile banking, according to its website.

NCR embraced its software-as-a-service (SaaS) transformation in Q2 and saw a 23% revenue jump to $2 billion while digital banking revenue grew 2% to $131 million, according to the company’s July earnings call.

2. Wauchula State Bank

The $982 million Wauchula State Bank was one of eight financial institutions to select Jack Henry’s Banno digital banking platform in July, along with $658 million Charlotte State Bank and Trust, $578 million Englewood Bank and Trust and $383 million Brunswick Bank and Trust.

Banno’s technology comes readily integrated with Plaid and Mastercard’s Finicity, ensuring that users can manage their finances using the open platform. Banno also allows for customization should developers need APIs to create custom solutions, per Jack Henry’s website.

3. Del-One Federal Credit Union

The $680 million Dover, Delaware-based Del-One Federal Credit Union, Maine State Credit Union and LOC Credit Union chose Alkami’s ORB platform which can facilitate retail and business user onboarding, as well as customer engagement and account-servicing requests.

The cloud-based ORB allows for more than 220 integrations, giving clients the opportunity to enhance or tailor the platform as needed, according to Alkami’s website.

Alkami acquired marketing data platform Segmint in Q2, as the software provider continues to look for ways to leverage digital banking data.

Bank Automation Summit Fall 2022, taking place Sept. 19-20 in Seattle, is a crucial event on automation and automation technology in banking.  Learn more and register for Bank Automation Summit Fall 2022.

Tags: Jack HenryMobile bankingNCRPremium
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