Electronic banking and treasury administration FinTech organization Dragonfly Monetary Technologies has released as an unbiased company right after the completion of private fairness organization Just one Fairness Partners’ acquisition of payments program company ACI Globally’s corporate on-line banking unit.
With its new autonomy and sources, Dragonfly will incorporate innovations to its product or service portfolio, increase its team and concentrate on extra U.S. and international professional banking customers — introducing to the more than 40 banking and money companies buyers throughout the world it presently serves — in accordance to a Thursday (Sept. 1) push release.
“Customers greatly figure out our goods as delivering a large level of innovation and value to their small business by our options, consumer working experience and hundreds of API integrations — and now we have the independence, concentrate and financial investment to accelerate our product or service roadmap and bolster our all round purchaser achievement encounter,” Dragonfly CEO Johan Roets claimed in the release.
One particular Equity Partners agreed to obtain ACI Worldwide’s company on-line banking unit, which experienced been recognized as Digital Organization Banking Alternatives, in June, noting that the software programming interface (API)-driven option for banking corporations permits blue chip banking companies to procedure “over $1 billion in every day payments.”
Browse extra: ACI Around the globe Sells ACI Electronic Company Banking Options to 1 Equity Companions
As PYMNTS documented at the time, the acquisition came as the U.S. on the internet commercial banking sector is looking at extra need for API-driven automated electronic banking and treasury management methods, with much more banking companies adopting cloud-dependent IT ecosystems to boost features, limit charges, leverage API-primarily based integration and make for much more interoperability among the distributors.
With the Sept. 1 start of Dragonfly as an independent company, it said in the push launch that it would spend in increasing its cloud-based mostly electronic enterprise banking system.
“Across cultures, dragonflies are revered for their agility, exceptional eyesight and as symbols of strength, transformation and prosperity,” Roets said in the release, “so it is a fitting identify for our firm, as we merge the passion, ingenuity and generate of a [startup] with the large shopper base and sources of an founded growth organization.”
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