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Mobile, Digital Banking Gets a Vote of Confidence with $13 Million in Technisys Funding

Mobile Commerce Insider Featured Article

October 21, 2014

Mobile, Digital Banking Gets a Vote of Confidence with $13 Million in Technisys Funding

By Tara Seals
TMCnet Contributor

With Apple (News - Alert) Pay and other mobile and online banking approaches hitting the headlines, digital banking is undoubtedly enjoying a Moment. Now, Technisys, which specializes in developing technology for the arena, has raised $13 million in Series B financing.

The round was led by contributions from Intel Capital (News - Alert), Alta Ventures, KaSZeK Ventures, Endeavor Catalyst and Holdinvest.

The company plans to use the capital to expand its business throughout new markets in Latin America and the United States, as well as to invest further in its Cyberbank Omnichannel product, which, along with the Cyberbank Core solution, is based on code-generation tools. Its repository has more than 500 reusable components that allow the creation of customized and scalable digital banking applications for use across devices.

“Internet and new devices have dramatically transformed the financial services industry. This constitutes an unprecedented development opportunity for banks, retailers and other non-traditional financial service providers,” said Miguel Santos, company founder and CEO. “Banks will need to differentiate through their customer experience, offering a holistic customer service approach that does not rely on the communication device, offering the best time-to-market and providing the services their customers need, before they even realize what their needs are.”

Banks need solutions that enhance banking experience across channels, to increase revenue opportunities and customer loyalty. 

“Technisys has developed a state-of-the-art product for banks and financial institutions that solves one of their major issues in customer interaction: how to manage, in a coordinated, efficient and consistent way, all their channels, which have grown significantly hand-in-hand with the development of new technologies,” said Diego Serebrisky, managing director of Alta Ventures.

Hernán Kazah, co-founder and managing partner of KaSZeK  Ventures, added, “At Technisys we have found an excellent team and, above all, we were pleasantly surprised by the robustness of their Cyberbank Omnichannel product and the consistently positive feedback received from users. It is clearly a world-class product that allows banks to grow and escalate their business by being far more efficient and offering a better time-to-market vis-à-vis other similar tools. We therefore decided to invest in the company, and we are very pleased to assist Technisys Technical Team to continue expanding their business both regionally and globally.”


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