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Digital Identity, Security & Online Fraud

Kony announces strategic partnership with Payveris

Wednesday 29 August 2018 | 01:00 PM CET

Kony, a provider of digital banking solutions, has announced a strategic partnership with Payveris, the provider of digital money movement technology to financial institutions.

By collaborating with Payveris, Kony DBX will help banks and financial institutions deliver digital money movement services, including person-to-person (P2P), account-to-account (A2A), bill payment, and fraud mitigation.

Payveris offers a scalable, open-API cloud-based money movement platform that enables financial institutions to offer bill payment and presentment, P2P and A2A transfers, and integrated fraud monitoring all from a single platform.

The Payveris platform enables banks and credit unions to deploy their money movement services seamlessly across any channel, reduce operating expenses and enhance their customers and member’s digital money movement user experience. While other money movement platforms are rigid and inflexible, this modern API-driven approach lets financial institutions provide true flexibility for modern payment workflows.

Key benefits of the Kony DBX and Payveris partnership to banks and credit unions:

  • Control of the user experience allowing for differentiated money movement opportunities across all channels

  • Reduced costs and increased operating efficiencies by consolidating all money movement onto a cloud-based platform, thereby eliminating multiple rigid, costly and dated technologies

  • Reduced fraud losses by enabling banks and credit unions to identify and stop potentially fraudulent transactions

  • Elimination of funding risk and inconsistent user experiences inherent in legacy risk-funding models

  • Virtually no downtime, unlimited scalability and complete operating redundancy.

More: Link
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