the decision. The deal was agreed in August 2014 with the implementation is set to begin in October. D+H partnered with Malauzai Software in 2015, a mobile banking software 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.
D+H announced in 2015 that it has partnered with Ripple to deliver innovative payment capabilities by integrating Global PAYplus, its global payment services hub, with Ripple’s distributed ledger technology, creating a foundation for further disruptive payments innovation. Financial institutions using Global PAYplus will now be able to link to a secure distributed ledger system, accessible only with authorization, to connect interbank networks, move money domestically and across borders in real-time, regardless of time zones or time of day, and access cheaper liquidity through a distributed network of market makers. D+H acquisition of Fundtech last year reflects the spirit of consolidation in the US market. D+H, clocked up seven back
User lists Ultradata
Example users:
Atomic Credit Union Fulda Area Credit Union
Phoenix Banking System Example users:
AB&T National Bank Alarion Bank American Bank
American Savings Bank Apollo Bank Bank of Akron
50
Bank of Fairfield Bank of New Canaan Bank of Poynette Bank of Ruston Bank of Sacramento Bankers Capital Group Brentwood Bank Britton & Koontz Bank
US Financial Services Technology Market Report |
www.ibsintelligence.com
office related system deals, six of them for its PhoenixEFE product. Four of the seven deals were on a hosted basis. The supplier’s recent acquisition of Fundtech can be viewed as strategic and is expected to drive its growth in the payments sector significantly, both in the US market as well as globally. In June 2017, Vista Equity Partners acquired D+H and subsequently merged with Misys, to form a new financial technology company called ‘Finastra’. Bill Neville, president North America, assured that the D+H’s commitment to US community bank and credit union market would continue, along with support for various product lines used there including Laser Pro, MortgageBot, Cavion, PhoenixEFE, and Ultradata. In fact, Finastra added a number of new credit unions in 2017 including TruMark Financial Credit Union located in Pennsylvania, Central Florida Educators Federal Credit Union and Evansville Teachers Federal Credit Union located in Indiana. Finastra also has plans to roll out new digital branch capabilities for Phoenix and Ultradata core system users in 2018.
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