Kony Named a Leader in New IDC MarketScape for Mobile Banking

Kony, Inc., the leading enterprise mobility and applications company, today announced it has been named a “Leader” in the IDC MarketScape: 2017 North American Mobile Banking and Payments report. Kony was recognized as a leader with strong recognition across all 10 capabilities assessed, including delivery model, go-to-market capabilities, growth strategy, research and development, and innovation.

This IDC MarketScape covers a variety of vendors participating in the mobile banking and payments market, and buyers were surveyed to gauge the vendor’s ability to meet their strategic needs and current capabilities. According to the IDC MarketScape, Kony’s commitment to research and development and innovation has resulted in an impressive product roadmap, a wide range of features and proven product integration flexibility. Kony’s vast experience serving midsize to large banking institutions and strong customer support helped Kony position as a leader in the new report.

“The Kony solution allows banks and credit unions to deliver an innovative mobile banking and payments experience,” said Marc DeCastro, research director, Consumer Banking Engagement Strategies, IDC Financial Insights. “Kony has experience integrating multiple back-end data silos into a single customer-driven mobile banking app. Kony’s solution is easily extensible, giving banks control of their mobile roadmap and the ability to incorporate new technologies into their app quickly.”

“Innovation and leadership in digital is the ante to success in financial services,” said Thomas E. Hogan, chairman and chief executive officer, Kony, Inc. “While we take great pride in our industry acknowledged leadership in mobility platforms and tools, we take greater pride in our market leading solutions for digital banking. This recognition from the IDC MarketScape as a Mobile Banking leader is an important validation of our commitment to enabling banks and credit unions around the world to unlock the power of digital and mobile with speed, security, and efficiency.”

The IDC MarketScape research includes analysis of nine North American vendors of mobile banking and payments products. The report focuses on key measures for success based on 1) vendor’s current capabilities and how well it aligns to customer needs and, 2) vendor’s future strategy and how it aligns with what customers will require in three to five years.

The Kony Retail Banking solution is part of the Kony ™ offering, which helps businesses large and small looking for innovative and cost-effective enterprise-grade apps. With Kony AppVantage, Kony can quickly build custom apps for organizations or customers can choose from a portfolio of existing pre-built packaged apps and components, which offer tailored applications for all types of customers that can quickly be assembled into custom applications.

In May 2017, Diebold Nixdorf announced a strategic partnership with Kony to accelerate mobile transformation in financial services and retail. As part of this partnership, Diebold Nixdorf will offer white label mobile application solutions for financial institutions (based upon Kony Retail Banking) and retailers. The next generation mobile application suite — DN Mobile, powered by Kony — will enable a unified and highly personalized experience for users by leveraging cross-platform data and integrating multiple channels to drive connected commerce.