Malauzai adds banking tech veterans to board

Source: Malauzai

Austin, Texas-based, Malauzai Software Inc., announced it will add two financial services and technology industry veteran executives to its board of directors.

Mike Young, former president of banking and thrift at Fiserv, and Steve Powless, CEO of Paducah, Ky-based Computer Services Inc. join current board members, Joe McDoniel, Anthony Ficarra and Tom Shen. Malauzai makes this announcement on the heels of launching the financial industry's premier mobile banking platform built entirely on "Cool Social Banking SmartApps" and designed specifically for community financial institutions earlier this quarter.

"Maluazai Software offers the market a truly differentiated product and perspective, a next generation delivery channel. Their focus on consumer experience and maximizing banks' return on the mobile investment makes this a compelling solution with the capability of further solidifying the relationship between consumers and their financial institutions.""

"The adoption rate of mobile banking and social media is moving faster than any technology we've seen in banking in decades," said Steve Powless, CEO of Computer Services Inc. "Maluazai Software offers the market a truly differentiated product and perspective, a next generation delivery channel. Their focus on consumer experience and maximizing banks' return on the mobile investment makes this a compelling solution with the capability of further solidifying the relationship between consumers and their financial institutions."

Founded by industry veterans, Tom Shen, chief executive officer of Malauzai, and Robb Gaynor, chief product officer, Malauzai Software helps community financial institutions develop and deploy "Cool SmartApps" that are highly customer and member segmented, using proprietary technology and analytics. "Its great to have over 100 years of financial technology savvy, ranging from payments to core processing, helping us at the board level," remarked CEO and Chairman Tom Shen.

"Tom's and Robb's experience in the industry is evident in the architecture and design of this solution," said Mike Young, retired Fiserv executive and technology develoloper. "They not only built a product from the ground up, using the latest tools and innovation in the industry, but have taken the best ideas from other industries and consumer-facing electronics to build a successful mobile strategy, as well. Instead of bolting additional features onto legacy systems, Malauzai began with a next generation mobile banking platform, and that is truly exciting."

Malauzai's platform is based on three critical tenets designed to enhance the end-user's experience, while driving profitability within the mobile channel. The components are Social Banking, an Application Management System, and Mobile Marketing.

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