Banking software developer Data Center Inc (DCI) has acquired the Vetter technology suite of the New York-based firm AFT Analytics.
The financial details of the transaction have not been made public.
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The acquisition of the Vetter tech suite is part of DCI’s strategy to augment its DCI Inter@ct digital banking suite which includes online, mobile, and AI-enabled voice banking products.
The suite will now also include Vetter’s intelligent solutions for automated inbound digital marketing.
Vetter’s offerings also include customer acquisition and digital onboarding of new bank and credit union customers, including a 90-second deposit account opening platform.
All the technical, development, support and management functions of Vetter, along with its existing clients, will also be transitioned to DCI’s headquarters in Kansas City in the US.
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By GlobalDataDCI president and CEO John Jones said: “We are very excited by the acquisition of the Vetter products as they will play an integral part in our digital strategy going forward.”
The acquisition of AFT’s products and clients will not affect other products or services offered by AFT Analytics.
The new solutions will either be offered as an expanded feature option or as a competitive stand-alone solution using other core systems.
AFT Analytics CPO Bryan Adler said: “We are delighted that the Vetter product suite found a home with such a well-respected company like DCI, and are excited to see DCI bring it to the next level.”
