22 April 2015

Misys acquires IND Group

10 February 2014  |  4417 views  |  0 misys building

Misys has acquired Hungary-based IND Group, a supplier of online and mobile banking and personal financial management tools to 30 banks worldwide.

Founded in 1997, IND Group clients include Alior, Erste Bank, and UBS, supported by over 200 employees based from eight offices.

Misys struck a partnership with IND Group in March last year to deliver a new front-end to its BankFusion package under the Digital Channels brand.

Alex Kwiatkowski, head, IDC/Financial Insights Europe, says the timing of the take-over is ideal as banks the world over begin to look at overhauling their core systems to cope with the boom in digital banking.

"IDC believes IND's advanced digital banking platform will fit seamlessly into the existing Misys product portfolio, delivering new omni-channel services and enhanced experiences to banks and their customers," he says. "In bringing IND into the family, Misys has strengthened its ability to help banks progressively transform in order to meet future market needs and achieve success through the intersection of people, process and technology."

Financial terms of the transaction were not disclosed.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

11 June, 2013
29 October, 2012
19 March, 2012
12 March, 2012

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
BBVA buys UX firm Spring Studio
7629 views comments | 35 tweets | 17 linkedin
PayPal exec wants to replace passwords wit...
6936 views comments | 42 tweets | 19 linkedin
RBS and NatWest customers go into meltdown...
6001 views comments | 10 tweets | 8 linkedin
World Bank reports big drop in numbers of...
5534 views 10 comments | 37 tweets | 16 linkedin
Apple Pay coming to Canada
5144 views comments | 13 tweets | 13 linkedin

Featured job

to GBP £80K base, double OTE
London, UK or Madrid, Spain

Find your next job