Misys acquires digital channel specialist IND

Antony Savvas

Banking systems specialist Misys has completed the acquisition of digital channel solutions provider IND Group.

IND provides online and mobile banking, personal finance management and payments solutions. Founded in 1997, it now has more than 30 clients around the world, including Alior, Erste Bank and UBS, supported by over 200 employees based from eight offices.

The acquisition builds on the partnership which Misys signed with IND Group in March 2013. Misys customers now have a suite of pre-integrated solutions which deliver an omni-channel experience to consumers.

"By leveraging greater customer insight across both branch and online interactions, banks can now transform their digital channels into a customer engagement and sales business, giving more opportunities for revenue generation," Misys said.

Nadeem Syed, Misys CEO, said: "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."

IND products are available pre-integrated with the Misys BankFusion platform.