Technisys

bankingtechnew core banking solutions

FOUNDING YEAR:
LOCATION: United States
Last Update: 08/09/2020

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About

Technisys is the digital banking technology company. Our leading edge omnichannel and digital core solutions transform traditional banks to digital, while jumpstarting challenger, neo banks and fintech companies. Technisys helps financial institutions differentiate through enhanced customer experiences, create platforms for innovation, increase sales, and engage with fintech ecosystems through Open APIs.Purpose: enhancing people's lives through the best digital experience in financial services.For more information on The Next Banking Experience please visit www.technisys.com or @technisys.com

MEDICI Analysis

Technisys is a digital banking technology company helping traditional banks to transform to digital, and jump-starting challenger, neo banks and fintech companies. Cyberbank is Technisys's API-centric, microservices-based core and digital banking platform. It’s designed to help financial institutions rapidly adapt to changing consumer behaviors and win with digital experiences that help them differentiate.

Focus

PRODUCTS & SERVICES

Cyberbank is Technisys's API-centric, microservices-based core and digital banking platform. It’s designed to help financial institutions rapidly adapt to changing consumer behaviors and win with digital experiences that help them differentiate. Cyberbank provides exceptional digital experiences for over 100 million banking customers in 16 countries. Whether your business is retail, SME, corporate or payments, Cyberbank can help you kick-start your digital banking transformation in 3-9 months. Cyberbank Core enables you to create and define new products and services based on a powerful combination of prebuilt atomic services, with ready-to-use definitions. Cyberbank Digital enables banks to create digital ecosystems and build exceptional, responsive digital experiences with natural language processing.

REVENUE MODEL

SaaS

MAIN CLIENTS

Banks

EXISTING PARTNERSHIPS

Accenture

Atos

IBM

Microsoft

Oracle

PRIMARY PROBLEM SOLVED

Customers increasingly expect new “consumer experiences.” The explosion of smartphones and tablets, the increasing importance of social media, and a greater access to technology are influencing customer purchasing behavior. To meet these growing expectations, banks need an efficient operational platform that helps reduce risks and costs. Cyberbank also allows creation of new digital banks from scratch.

Traction

ACTIVE USERS:

1,000,000

ACTIVE USERS COMMENT:

To stay ahead in today’s hypercompetitive financial market, banks must anticipate and meet the demand for rapid and customized products and services. Why? Customers increasingly expect new “consumer experiences.” The explosion of smartphones and tablets, the increasing importance of social media, and a greater access to technology are influencing customer purchasing behavior. To meet these growing expectations, banks need an efficient operational platform that helps reduce risks and costs. Banks also must update their channel strategies to create new interaction opportunities with their clients – whether that means a small business, a corporation, or an individual. Regardless of their size, location or segment, banks all over the world are facing a call to action. As customers become increasingly digital, behaviors change drastically. Banks have to respond by offering banking anywhere, anytime, using the appropriate device for the best experience. Being digital is not a choice anymore – it’s a question of survival. By adopting a digital model, banks can differentiate themselves through experience and can achieve additional competitive advantages. It is possible to generate new revenue streams and business models, speed up the time to market of new service releases, and gain efficiencies with scalable platforms at lower costs. In other words, digital allows the transition from a model that is bank-centric to one that is user-centric.

People

FOUNDERS

Adrián Iglesias

German Pugliese Bassi

BOARD MEMBERS AND ADVISORS

NUMBER OF EMPLOYEES

501-1000

INVESTORS:

Alta Ventures Mexico

Endeavor Catalyst

Intel Capital

KaSZek Ventures

Riverwood Capital

Oria Capital

KEY EMPLOYEES:

German Pugliese Bassi

Momentum

FUNDED

YES

TOTAL FUNDING

$64 M

DATE OF LAST FUNDING

Apr 2019

FUNDING SERIES

SERIES A  · $1 M  · Jan 2008

SERIES B  · $13 M  · Oct 2014

SERIES C  · $50 M  · Apr 2019

LISTED

NO

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Technisys

About

Technisys is a digital banking technology company helping traditional banks to transform to digital, and jump-starting challenger, neo banks and fintech companies. Cyberbank is Technisys's API-centric, microservices-based core and digital banking platform. It’s designed to help financial institutions rapidly adapt to changing consumer behaviors and win with digital experiences that help them differentiate.

Focus

PRODUCTS & SERVICES

Cyberbank is Technisys's API-centric, microservices-based core and digital banking platform. It’s designed to help financial institutions rapidly adapt to changing consumer behaviors and win with digital experiences that help them differentiate. Cyberbank provides exceptional digital experiences for over 100 million banking customers in 16 countries. Whether your business is retail, SME, corporate or payments, Cyberbank can help you kick-start your digital banking transformation in 3-9 months. Cyberbank Core enables you to create and define new products and services based on a powerful combination of prebuilt atomic services, with ready-to-use definitions. Cyberbank Digital enables banks to create digital ecosystems and build exceptional, responsive digital experiences with natural language processing.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Back Office

Customer facing

Traction

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

60

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO