Dragonfly Money Systems Corp., a digital banking and treasury administration fintech, today declared its official launch as an impartial firm following the completion of One Equity Companions’ acquisition of ACI Throughout the world’s Corporate On-line Banking unit.
Working in a world wide industry forecast to be $1.1 billion by 2023, according to Omdia, Dragonfly Money Technologies now has the autonomy and assets to provide improvements across its products portfolio, broaden its consumer good results group and goal far more professional banking shoppers in the U.S. and intercontinental marketplaces.
A industry chief from working day a single, Dragonfly Economic Technologies has a lot more than 40 banking and money products and services shoppers around the globe, like 5 of the top 10 U.S. financial institutions. The company’s Universal On the net Banker (UOB) and Company Banker (EB) answers assist banking institutions initiate payments, obtain revenue owed and handle financial positions and functions for their business enterprise prospects. Now unbiased, Dragonfly Economic Technologies will spend considerably in improving upon its cloud-centered digital company banking system, with its extensive library of open APIs, aspect-loaded functionality and extensive reporting capabilities.
Aite-Novarica Group, an advisory company delivering mission-vital insights on technological innovation, regulations, approach and operations to hundreds of banks and other economic services corporations, rated Dragonfly’s Universal Online Banker as “Best in Class” in its evaluation of Leading U.S. Income Management Suppliers last 12 months. Dragonfly’s UOB platform was observed for being “user-friendly, characteristic-wealthy and amid the strongest in the industry for its payments abilities.”
“This is an remarkable time in the global electronic business banking arena with numerous banks looking for new payment abilities and open up API infrastructures. Technological innovation suppliers like Dragonfly with robust, following-era choices coupled with a focus and determination to the space and innovation, are effectively positioned to guide for the duration of this time of improve,” claimed Christine Barry, Head of Banking and Payments Insights and Advisory at Aite-Novarica Group.
Primary the new firm as CEO is Johan Roets, who previously served as Chief Administrative Officer for ACI Throughout the world and also was the company’s Chief Transformation Officer. Earlier in his profession, Roets worked in several leadership roles in retail banking and payments with Common Financial institution Team and as a companion with Arthur Andersen & Co.
“Across cultures, dragonflies are revered for their agility, great vision and as symbols of energy, transformation and prosperity, so it is a fitting name for our company, as we incorporate the enthusiasm, ingenuity and generate of a commence-up with the substantial consumer base and methods of an proven expansion organization,” claimed Roets. “Customers widely understand our items as providing a huge stage of innovation and price to their enterprise by means of our capabilities, user expertise and hundreds of API integrations – and now we have the independence, focus and expenditure to speed up our item roadmap and bolster our general consumer accomplishment experience.”
In addition to Roets, Dragonfly Money Technologies’ senior govt staff contains industry veterans with considerable digital banking expertise, which includes developing, building and providing the present UOB and EB options.