Banking Software Providers

Part
01
of two
Part
01

Banking Software Providers Part 1

Backbase uses Inside Secure as its identity protection products provider and eWise for credit wellness while Avoka uses Au10tix and Credit Sense respectively. Crealogix and EdgeVerve do not outsource providers for either of the services, instead, they use their own identity protection products and developed an application for credit wellness.

BACKBASE

Identity Protection Products:

Credit Wellness/Credit Education Provider:
  • Backbase partnered with eWise to provide money to ensure clients remain financially healthy in their credit scores.
  • eWise is integrated into the Backbase's platform to help clients upgrade their digital banking platforms.

CREALOGIX

Identity Protection Products:

Credit Wellness/Credit Education Provider:
  • Crealogix developed an application, Timewrap app, that provides clients with possible outcomes of how they use their credit.
  • Timewrap is not integrated into their banking system but a separate entity.

EDGEVERVE

Identity Protection Products:

Credit Wellness/Credit Education Provider:
  • EdgeVerve developed Finacle App Center where their clients can interact with the management for financial wellness.

AVOKA

Identity Protection Products:
  • Avoka uses Au10tix to provide identity protection products.
  • Au10tix provides solutions for the automatic authentication of ID documents and conversion to digital records.

Credit Wellness/Credit Education Provider:

Part
02
of two
Part
02

Banking Software Providers Part 2

Kony, Finastra, Sopra Banking, and Technisys use products and technologies such as Okta, D+H, Bottomline, and VU security to provide identity protection products. While Technisys does not offer credit wellness services, Kony, Finastra, and Sopra Banking do so using MX, Fusion CreditQuest, and Anadefi, respectively.

KONY

IDENTITY PROTECTION
  • Okta provides identity protection management for Kony.
  • Okta is integrated into the Kony platform and provides identity management security solutions for credit unions and banks of all sizes and the "Adaptive Multi-Factor Authentication (MFA)," which asks users for additional identification.
CREDIT EDUCATION/CREDIT WELLNESS
  • Kony partnered with MX to give credit unions and banks, access to categorized data which benefits their customers by providing better insight into their finances, thus helping them to make better decisions.

FINASTRA

  • Misys and D+H merged in 2017 to create Finastra.
IDENTITY PROTECTION
  • D+H offers identity theft protection services to financial institutions and also provides monitoring personal information, alerts and insights, mobile app and identity restoration services.
  • Finastra provides identity protection services through the D+H platform.
CREDIT EDUCATION/CREDIT WELLNESS
  • Fusion CreditQuest is a software solution which provides analysis and management for credit applications, as well as improve decision-making.
  • Finastra provides credit score services through its Fusion CreditQuest platform.

SOPRA BANKING

IDENTITY PROTECTION
CREDIT EDUCATION/CREDIT WELLNESS

TECHNISYS

IDENTITY PROTECTION
CREDIT EDUCATION/CREDIT WELLNESS

Research Strategy

Your research team began by scanning through Technisys' official website, where we found that their key offering is digital banking with a focus on user experience. There was a news article on their website, which mentioned Technisys hosting an innovation program with a company that offers identity protection and integrates with existing platforms. So, the team decided to scan through the company's website and found that VU security partnered with Technisys to provide security in financial transactions.
There was no information on Technisys credit wellness or education services on their website, so the team looked through their social media accounts, with hopes of finding any credit scores or product ratings. However, the team mostly found company news and events they attended, with no data for any credit wellness or credit education products.
Finally, your research team looked through industry publications and visited sites such as Crunchbase, PRNewswire, Finextra, and ZDNet, among others, to find any articles that mentioned Technisys partnerships with credit wellness providers. The data recovered was regarding Technisys' funding and other general news related to the company. The team did not find any information to show that Technisys uses a credit education or credit wellness provider.
Sources
Sources

From Part 02
Quotes
  • "Technisys helps financial institutions differentiate through enhanced customer experiences, create platforms for innovation, increase sales, and engage with fintech ecosystems through Open APIs."
  • "We have been helping banks become fully digital by offering their customers the best user experience."
  • "Our Cyberbank Digital is prepared to completely adapt to any bank’s legacy, integrating all the channels."
  • "Our Cyberbank Core also allows creation of new digital banks from scratch, and Cyberbank Cloud is a sophisticated solution that offers digital banking as a service."