IBS Journal May 2015
D+H forms strategic alliance with Malauzai Software for mobile banking software
Banking and payments software vendor, DH Corporation (D+H), has partnered with Malauzai Software, a mobile banking soft- ware provider, to jointly develop, market and deploy mobile banking solutions to D+H’s clients. The opportunities are vast, as D+H has around 1300 US community banks and credit union as clients, which came the vendor’s way via the acquisition of a domestic banking software vendor, Harland Financial Solutions, two years ago. Harland brought five core banking systems with it, with PhoenixEFE, Ultradata and Sparak being the most known and wide- spread in the US market; a remote banking application called Cavion; plus a range of lending and risk management tools. Malauzai Software’s founder and CEO,
Tom Shen, says that its mobile offerings have already been ‘deeply integrated’ with D+H’s two main core systems, Phoenix- EFE and Ultradata, and similar work is now underway for Sparak. There are some joint customers already, he adds, but these predate the tie-up. Another area of ‘deep integration’ will be in the payments space, which D+H has recently muscled into with the acquisition of Fundtech (see front page). Malauzai was set up in 2009 to offer
native mobile apps to the banking and credit union sector, and today it has 350 customers of which 285 are in live
production, says Shen. Its software also underpins BankMobile, the first mobile- only bank in the US. To date, the vendor has garnered expe-
rience of integrating with around 24 differ- ent core banking systems, including those of FIS, Fiserv and Jack Henry. Last year, Malauzai joined forces with Jack Henry’s credit union software division, Symitar, to launch Episys Anywhere, a native app that enables credit union employees to conduct common branch activities on a tablet. A similar function will be developed
for the D+H customers. ‘Super users’ (tell- ers and relationship managers) will be able to assist their clients with a broad range of transactions using a tablet, says Bill Nev- ille, president of D+H, US. Banks and credit unions that use D+H’s core banking systems and/or the Cavion remote banking platform will be offered Malauzai’s ‘advanced mobile capabilities’, he says. These include ‘a full online onboarding experience’ via native mobile apps as well as a broad range of functions customers can then carry out on their smartphones via these apps. Malau- zai’s software also taps into smartphones’
Tom Shen, Malauzai Software
GPS and camera capabilities. It should be noted that Cavion has
its own mobile banking product, but it is much older than Malauzai’s solutions, and so the latter will not compete with, but rather enhance, the Cavion offering.
IN BRIEF
Brabant Development Agency Capital (BOM Capital), an investment management firm owned by the Dutch state and focused on the development of the Noord- Brabant province, is undergoing a major technology revamp. It is replacing a ‘multi- tude of different solutions’ with Sungard’s Investran, and is working towards a go-live later this year, says Jonathan Broch, head of product strategy for Investran at Sungard. BOM Capital was set up in the 1980s to provide long-term equity capital and
fund-to-fund investments to local start-ups, growing and innovative enterprises. It was finding its legacy set-up ‘challenging’, Broch says, and was keen to move to
‘a single, centralised solution that covers a full investment lifecycle’. This is precisely what Sungard offers with its Investran product, which is an integrated, front-to-back office solution for private equity, he states. BOM went through an official selection process last year. A major emphasis was on business intelligence (BI) and analytics, and also reporting, he recalls. ‘The teams wanted to be able to make the data useful, to slice and dice it,’ contributing to and simplifying the decision-making processes. The solution will be provided on a hosted basis, ‘which is a much cleaner set-up and will enable BOM Capital to focus on its core competency’, he says. It will cover accounting, deal flow, relationship management and data exchange, as well as ana- lytics and reporting. The company’s finance, compliance, administration, and invest- ment management teams will be using Investran. Sungard is also assisting BOM Capital with its processes review and reengineer-
Bill Neville, D+H Corporation
ing efforts.
© IBS Intelligence 2015
www.ibsintelligence.com
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