In a drive to expand its retail offering, international banking software company Misys has acquired Hungarian IND group, a mobile and online banking specialist.

IND Group is currently working with 30 banks including Alior, Erste Bank and UBS providing online and mobile banking, personal finance management and payments solutions.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The announcement of the finalised deal follows Misys working closely with IND throughout 2013.

Nadeem Syed, Misys CEO, said: "This is very exciting for us and our customers. The market for digital banking is exploding. More than half a billion people already use mobile devices for personal banking and this is set to double in the next four years.

"This deal reinforces our digital banking proposition in this rapidly expanding area by adding world-class consumer-oriented solutions to our offering."

Balázs Vinnai, IND Group CEO, added: "Our vision has always been to help every person on the planet better understand their daily finances and give everyone the chance to have an easier and healthier financial life.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"Consumers look for convenience and ease when choosing financial products. We equip banks with the tools to improve the experience for anyone dealing with their finances.

"Joining Misys will help make this global vision a reality faster by accelerating the development of our digital channels solutions."

 

Related articles:

Bangkok Bank deploys Fiserv’s Mobiliti Edge solution

Masraf Al Rayan absorbs Islamic Bank of Britain

ANZ may eye StanChart sale, but acquisition unlikely: Citi analysts