D+H and Malauzai Software Announce Partnership to Drive Disruptive Digital Offerings in the FinTech Industry
Firms join forces to power next generation of retail and business experiences, enabling banks and credit unions to meet the needs of evolving customer demands
LAKE MARY, FL, Oct. 20, 2016 /CNW/ - DH Corporation (TSX:DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, and Malauzai Software Incorporated (Malauzai), a privately-held software development company that is transforming the technology behind mobile and Internet banking, have signed a new strategic agreement to add Malauzai to D+H's digital ecosystem. Through this partnership, the firms will utilize their market-leading solutions to help power multi-channel, next-generation retail and business experiences.
D+H is expanding its successful relationship with Malauzai, which was originally established in 2014. Through the previously established relationship, D+H and Malauzai delivered a leading-edge, intuitive and secure mobile banking solution that was deployed at numerous financial institutions. The success of the mobile application, synergies between the teams, and D+H's ongoing commitment to providing innovative, relevant solutions were natural tie-ins to deepening the relationship. The new partnership will allow D+H to further focus on digital channel, retail and consumer payments and core platform integration to help financial institutions expand their competitive edge in a rapidly evolving market and drive growth in the digital space.
"FinTech has revolutionized the customer experience and it is critical that financial institutions embrace digital solutions in order to remain relevant in today's ever-changing marketplace," said Spencer Jones, Group Head, Enterprise Solutions for D+H. "The decision to further integrate Malauzai into our D+H digital ecosystem demonstrates our commitment to enhancing existing digital solutions and bringing to market new offerings in an agile fashion, powering next generation platforms for the banking industry."
"We're thrilled to extend our partnership with the D+H team after a successful relationship over the last two years," said Tom Shen, CEO of Malauzai. "As customers continue to demand better user experiences and faster innovation from their financial institutions, we believe our partnership offers solutions that meet the highest standards for the industry."
D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.5 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation