0:17 AM
Login form
Entries archive

Africa Live News

Main » 2019 » February » 7 » Kony Helps CFG Bank Deliver Digital-First Banking
10:19 AM
Kony Helps CFG Bank Deliver Digital-First Banking

Powered by Kony DBX, CFG Bank’s Digital Banking App Provides a Unique Digital Experience to Meet Customers’ Modern Banking Needs

AUSTIN, Texas-Wednesday 6 February 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Kony, Inc., a leading provider of digital banking solutions, and CFG Bank, an innovator in retail commercial banking in Morocco, today announced their collaboration on CFG Bank’s digital banking application. With customers expecting a simple yet robust digital banking experience, CFG Bank has selected Kony to partner on its long-term digital transformation strategy built on the pillars of simplicity, transparency and sustainable customer relationships. Central to that strategy is CFG Bank’s dynamic app built on Kony’s digital banking platform, Kony DBX, which provides a more modern digital banking experience.

“In order to succeed in our banking environment, it’s essential to be unique. It’s not enough to provide the same services or similar features as other banks. Rather, we must craft a customer experience that is tailored, simple and that empowers customers with the ability to complete services and transactions how and when they want,” said Driss Benchafai, General Manager, CFG Bank. “Kony has played a significant role in helping us standout from other banks. Our customers set a high standard for what they expect from a digital banking experience, and the Kony-powered CFG Bank app empowers our customers with the functionality and services they need right at their fingertips.”

Kony and CFG Bank first connected on the bank’s long-term digital transformation strategy in 2016. Working together, Kony and CFG Bank developed a digital banking app designed so that customers could retake control of the vast majority of banking transactions, and rely on physical branches for “life moments,” such as plans for funding educational goals or detailed processes around investments and inheritance.

“Customers enjoy the autonomy and freedom that digital banking supports, and we plan to stay ahead of those preferences in experience with the right digital strategy,” said Benchafai. “The objective is to have our clients conduct the majority of their transactions outside of the branch office. With a sustained commitment to digital innovation and support from our knowledgeable partners at Kony, we’re well on our way there.”

CFG Bank customers can now conduct several different banking transactions at their leisure and well beyond the working hours of a typical branch. In addition to helping customers with functions like check depositing and personal financial management, CFG Bank is responsive to what customers desire in their banking experience and is integrating features at a rapid pace to correspond to customer preferences.

“We’ve always had the belief that innovation in digital banking services is an absolute must-have for banks and credit unions,” said Jeffery Kendall, senior vice president and general manager, Kony DBX. “CFG Bank is a great partner that embraces a fast-paced commitment to technology and digital innovation, and then leverages the Kony DBX community and platform to enact change and standout from the competition. CFG Bank has the digital solutions in place today to enable exceptional digital banking, even as banking in general continues to evolve. As the bank remains committed to servicing its customers in a digital-first world, Kony DBX stands ready to help CFG Bank stay ahead of the digital banking innovation curve.”

Following the successful implementation of the CFG Banking app, Kony and CFG Bank are exploring additional ways to provide customers with more capabilities. These include data analytics, behavioral analysis and artificial intelligence to improve future iterations of CFG Bank’s digital banking experience.

Kony DBX represents a major advancement to help banks and credit unions deliver frictionless digital experiences to customers across every point of interaction. Kony is the first vendor to provide pre-built, native and web apps along with a purpose-built digital banking platform for financial institutions. The Kony DBX platform builds on Kony’s digital expertise in multiple industries, with advanced technology solutions supported by an expansive partner network.

Kony has been named a “Leader” among the top Digital Experience Development Platforms vendors in The Forrester Wave™: Digital Experience Development Platform, Q2 2018 report. Kony has also been recognized as a “Leader” in the IDC MarketScape: 2017 North American Mobile Banking and Payments report, with the highest rating for Mobile Banking capabilities. Kony is also a Callahan’s 2018 Innovation Series winner, and earned two top honors at the American Banker Digital Banking 2018 event: Runner Up for Best in Show and People’s Choice.

For more information about CFG Bank’s digital banking transformation: CFG Bank Video and Case Study

About Kony, Inc.

Kony is the fastest growing, cloud-based digital application and low-code platform solutions company, and a recognized industry leader among low code and mobile application development platform (MADP) providers. Kony DBX is the banking and financial services arm of Kony, Inc. and is a globally recognized leader in digital banking transformation. With a portfolio of modern, frictionless applications powered by the industry’s most recognized platform, Kony DBX enables banks and credit unions of any size to accelerate innovation — without compromising what’s critical.

For more information on Kony DBX and Kony DBX Retail Banking, visit Kony DBX or connect with Kony DBX on Twitter, Instagram, and LinkedIn.


Jean Kondo
Kony, Inc.
+1 510-823-4728

Julie Sigler                              
WE Communications
+1 415-547-7025

Permalink :

Views: 154 | Added by: africanewsline | Rating: 0.0/0
Total comments: 0
Name *:
Email *:
Code *: