Bottomline Technologies Launches Digital Banking 3.0
(Thomson Reuters ONE) -
Commercial Banks Can Accelerate Innovation and Drive Profitable Growth With a
Unified Digital Platform
PORTSMOUTH, N.H., Oct. 20, 2015 (GLOBE NEWSWIRE) -- Bottomline Technologies
(NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital
banking solutions, today announced the launch of Digital Banking 3.0, the first
integrated, cloud-ready technology platform that includes cash management and
payments, customer acquisition and on-boarding, analytics and fraud and risk
management solutions, empowering financial institutions to acquire, grow and
fully monetize commercial banking relationships across every digital channel.
"In the next several years, roughly one third of the commercial banking
industry's revenues will be in play and at risk due to the forces of digital
disruption," said Norm DeLuca, General Manager for Digital Banking at Bottomline
Technologies. "Banks need to harness the power of digital technologies and
accelerate the pace of innovation to aggressively defend their position as
trusted intermediaries and capitalize on substantial new revenue opportunities.
We created Digital Banking 3.0 to enable banks to win, drive profitable growth
and build long-term franchise value."
The transition from traditional to digital banking could threaten up to 35% of
global bank revenues.(1) Commercial banking is not immune, with an estimated
43%(2) of the $300B(3) market driven by payments and cash management services
that are ripe for innovation. In fact, 62%(4) of small to mid-sized businesses
already use payments and cash management providers outside of their primary
banking relationship.
The Digital Banking 3.0 platform leverages Platform-as-a-Service technology and
enables banks to provide business and commercial customers with a unified
digital banking experience. While banks have been aware of the critical need
to deliver a more unified experience, they have had few alternatives beyond
purchasing multiple software solutions and investing heavily to make them work
together.
"Our research shows that business and commercial customers want a seamlessly-
integrated and intuitive digital experience, better financial management tools
and insights that help them manage their businesses more effectively," said
Christine Barry, Research director for Wholesale Banking at Aite Group, an
independent research and advisory firm focused on the financial services
industry. "Banks leveraging solutions aligned with these market opportunities
will not only enjoy a competitive advantage, but also new streams of revenue and
greater customer retention."
Digital Banking 3.0 provides an integrated suite of market-leading cash
management and payments services, sales and marketing tools, data and analytics
capabilities to manage complex fraud and security risks (see Notes to Editors).
The platform is available to financial institutions and businesses of all sizes
and is fully configurable.
"Our technology platform brings together a unique combination of financial
services offerings which, until now, were largely restricted to single-point
solutions that can be overly complex and expensive," said DeLuca. "Digital
Banking 3.0 delivers the seamlessly-integrated experience now required for banks
to engage customers in new and more advanced ways."
Bottomline Technologies is a proven technology partner in the payments and cash
management domain, having relationships with over 1,400 financial institutions
around the globe, including over 1/3 of the banks in the US with > $10B in
assets.
[Source data]
1 McKinsey, Strategic Choices for Banks in the Digital Age, January 2015
2 McKinsey, Global Payments 2014: A Return to Sustainable Growth Brings New
Challenges
3 McKinsey, Global Payments 2014: A Return to Sustainable Growth Brings New
Challenges
4 Aite Group, Monetizing the Small-Business Opportunity, 2013
Notes to Editors
Digital Banking 3.0 provides three main customizable solutions across its
platform:
Digital Banking & Payments
* Modern user experience and personalized interaction model is device-agnostic
and tailored for users across individual segments
* Market-proven corporate payments & cash management capabilities are
sophisticated enough to serve larger corporations with global operations and
highly-specialized users
* Small to midsize business financial management suite - new services for cash
flow, accounts payable and accounts receivable management expand the scope
of a bank's relationship beyond transaction settlement
* Platform as a service delivery speeds time to market and continuously
delivers innovation, lowering total cost of ownership
Customer Growth & Acquisition
* Provides the supporting tools to accelerate growth from both small to
midsize business and corporate markets
* Online account opening
* Business on-boarding
* Marketing analytics
* One of few offerings in the market which is fully mobile optimized with
a mobile responsive workflow, mobile document capture and upload
* Leading online account opening provider with highest market share for
top 50 FIs; trusted by several financial service providers (re-
sellers/referral partners)
Cyber Fraud & Risk Management
* Enterprise case management
* Insider fraud
* Web fraud and security
* Real-time monitoring which can be deployed in days without any
integration
* Events leading up to a financial crime (both user activity and
transaction history) can be easily navigated by investigators
* Higher level of visibility into employee and customer activity than
traditional solutions that rely on audit logs
* Users can customize features of the application (rules, scoring, data
model, screen layout, reports, dashboards, workflow, link analysis)
without coding
To learn more and to watch a video showcasing an executive overview of Digital
Banking 3.0, visithttp://www.bottomline.com/us/digital-banking.
About Bottomline Technologies
Bottomline Technologies (NASDAQ:EPAY) powers mission-critical business
transactions. We help our customers optimize financially-oriented operations and
build deeper customer and partner relationships by providing a trusted and easy-
to-use set of cloud-based digital banking, fraud prevention, payment, financial
document, insurance, and healthcare solutions. Over 10,000 corporations,
financial institutions, and banks benefit from Bottomline solutions.
Headquartered in the United States, Bottomline also maintains offices in Europe
and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of
Bottomline Technologies, Inc. which may be registered in certain jurisdictions.
All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
reflecting our expectations about our ability to execute on our growth plans.
Any statements that are not statements of historical fact (including but not
limited to statements containing the words "believes", "plans", "anticipates",
"expects", "look forward", "confident", "estimates", and similar expressions)
should be considered to be forward-looking statements. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors including, among others, competition, market
demand, technological change, strategic relationships, recent acquisitions,
international operations and general economic conditions. For additional
discussion of factors that could impact Bottomline Technologies' operational and
financial results, refer to our Form 10-K for the fiscal year ended June
30, 2014 and any subsequently filed Form 10-Q's and Form 8-K's or amendments
thereto. Any forward-looking statements represent our views only as of today and
should not be relied upon as representing our views as of any subsequent date.
We do not assume any obligation to update any forward-looking statements.
Contacts for Media:
Christine Nurnberger
Bottomline Technologies
603.812.3742
cnurnberger(at)bottomline.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Bottomline Technologies, Inc. via GlobeNewswire
[HUG#1959965]
Datum: 20.10.2015 - 13:30 Uhr
Sprache: Deutsch
News-ID 428181
Anzahl Zeichen: 9889
contact information:
Town:
Portsmouth, NH
Kategorie:
Business News
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