Digital banking software program company Technisys raises $50m

Technisys, a leading company of a modern digital banking software program platform, announced it had closed $50 million in its contemporary Series C financing round led by Riverwood Capital. This funding will let the corporation similarly develop its technology investments, make the product portfolio bigger, and gain global attain to guide the banking enterprise in its virtual transformation. It is becoming virtual worldwide; Technisys is presenting challenges and setting up banks with a very scalable and flexible software program platform that permits its clients to convey nice, smart, and compelling reports to their increasingly more worrying virtual customers.

Furthermore, the capital will enhance the organization’s abilities across the United States, Canada, and Latin America, as well as enter new markets, including Europe, and boom investments within the organization’s market-leading Cyberbank Digital and Cyberbank Core platforms. Cyberbank Digital offers a cloud-geared up, Open API, exceedingly configurable, and always advanced client experience layer throughout every mode of interplay: cellular, net, kiosk, and even conversational with Alexa and Google Assistant.

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Cyberbank Core, the platform designed for digitally native banks, gives a cloud-equipped, Open API subsequent-era middle banking solution constructed to match the rate, configurability, and protection of the most state-of-the-art financial group clients globally. Both structures leverage gadget mastering and other AI technology, permitting banks and fintech corporations to offer smarter stories to their clients without heavy investments. “Technisys turned into reason-constructed to help our financial organization customers adapt, innovate, and differentiate.

Today, our solutions remain in 15 countries with over 50 clients, including Brightside using ATB, HSBC, Banco Itaú, Banco Falabella, Banco Macro, Banco Original, Davivienda, Diners Club, and Veloe through Elopar. We are humbled with the aid of the agreement with our client’s place in us, and excited via the big worldwide opportunity ahead to continually provide the building blocks necessary to win in this hastily changing marketplace,” stated Miguel Santos, CEO and founder of Technics. “Banks will want to distinguish through their patron enjoy, imparting a holistic service that is device agnostic, accomplishing the pleasant time-to-market while launching new services and watching for their patron desires,” added Santos.

“We have accompanied the Technisys journey for numerous years and are impressed with the software platform the organization has built to help worldwide monetary establishments provide digitally native economic merchandise,” stated Francisco Alvarez Demalde, co-founding associate and dealing with an associate of Riverwood Capital. In addition, Alex Porto, VP of Riverwood Capital and Technisys board member, highlights, “We are very excited to lower back and help this control team on their task to rethink virtual banking.”

Riverwood joins existing buyers Alta Ventures, Kaszek Ventures, Oria Capital, and Endeavor Catalyst. Overall, this investment will permit the enterprise to continue its goals of creating winning digital banking experiences with only a few clicks. Technisys’ full-stack digital banking answer constitutes a powerful launching platform for full digital banks. It could be fundamental for mounted banks to successfully rework, leveraging the ecosystem even as permitting them to distinguish, empowering innovators to create new virtual banking reports in file time.

Johnny J. Hernandez
I write about new gadgets and technology. I love trying out new tech products. And if it's good enough, I'll review it here. I'm a techie. I've been writing since 2004. I started back in 2012.