Data — big or small or in-between — is the foundation of delivering the best banking experience to customers. At least, that’s how D3 Banking sees it. The company is readying its data-driven digital banking platform for general availability in November. D3 launched in beta at Finovate Spring 2013 and will introduce its money movement capabilities — P2P, bill payment, and wire transfers — at BAI Retail Delivery in November. D3 recently concluded a Series C round of funding. The company, formerly known as Lodo software, and before that OurCashFlow.com, began in the personal financial management (PFM) space, with a strong grounding in analytics. OurCashFlow sees widespread use as the PFM component of Jack Henry’s NetTeller platform. The arrangement began in 2010 and serves nearly 200 financial institutions. Speaking to FI customers about incorporating PFM into their online banking, particularly in the sense of distributed tools and services rather than “PFM in a tab,” D3′s CEO Mark Vipond heard about confusing platforms bolted together – mobile, billpay, P2P — with separate vendors dedicated to maintaining each component. “We continued to hear that banks wanted to replace all their online banking,” Vipond told Bank Innovation. “We heard that enough that we [...]
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