MoneYou chooses Kony for mobile savings app

Source: Kony

Kony, the leading mobile application platform provider, today announced that it has been selected by MoneYou, a subsidiary of ABN Amro, to implement its mobile savings application across Android, BlackBerry and Windows Phone 7 operating systems, in addition to its existing iPhone and iPad applications.

MoneYou is leading the consumer banking industry by offering its customers advanced mobile applications across the five main mobile platforms that consumers are utilising. Its MoneYou Savings App is the first of its kind in the Netherlands and in Germany, while its Windows Phone 7 application is the first of its kind in Europe. MoneYou chose Kony for their advanced mobile applications, and because of the depth of experience Kony has working with leading financial corporations across the globe. With Kony, MoneYou offers customers total, secure control over their funds - beyond basic banking capabilities - and enables them to manage their money anywhere and anytime.

"We were determined to provide our customers with the engaging and convenient mobile savings experience that they demand, across all of the primary channels that they use," said Frank Verkerk, CEO of MoneYou. "In the increasingly competitive landscape of mobile banking, it was crucial that we found the right partner to help us deliver this goal. With our iPhone and iPad applications, which were developed by a local partner in The Netherlands, we found out just how difficult it can be to develop feature-rich applications separately for each platform. As such, we decided that for our Android, Blackberry and Windows Phone 7 applications, we needed a simple, cost-effective solution that could be speedily delivered simultaneously across these platforms - and we knew Kony was the perfect partner for this task."

Following an in-depth vendor analysis, MoneYou chose Kony's solution for its reduced total cost of ownership (TCO), the speed at which it could deliver the application, its ability for a one-time development to result in deployment across multiple platforms, and its flexibility for customization.

Designed as an extension of MoneYou's online savings capabilities, the Savings App is an on-device application that delivers a feature-rich saving experience with advanced capabilities for the management of savings accounts, including:

* Unique and innovative saving assistance, enabling customers to allocate funds into their own personal savings goals, such as "holiday", "car purchase", "study fund", and allowing them to upload their own personal photographs for each goal;
* The ability to calculate when a savings goal is reached and what the impact of a monthly saving to the duration will be;
* The ability to set e-mail reminders when you reached an x percentage of your savings goal;
* The ability to open online savings accounts (paperless) through the mobile application within 24 hours;
* The ability to share your savings goals with friends via Twitter, FaceBook and LinkedIn.

"It is crucial that financial corporations consider their mobile offerings as part of a long-term customer engagement scheme, and we're very pleased to work with a company as forward thinking as MoneYou," said Raj Koneru, CEO of Kony. "MoneYou is undoubtedly leading the European financial industry's adoption of comprehensive mobile strategies that optimise mobile investment in order to stay ahead of the competition. We've partnered with MoneYou to deliver a service for its customers to which no other application in the market compares, in terms of functionality and availability on platforms."

Kony provides companies with customisable off-the-shelf applications and a complete mobile development, deployment and production platform that generates native applications, highly optimised mobile web, SMS/MMS, social media gadgets and tablet applications. The Kony Platform supports all mobile systems on the market today, including more than 9,000 mobile devices, tablets and popular operating systems, including the iPad, iPhone, Android, BlackBerry, Symbian, Java ME, Windows Phone 7, and webOS devices and including browsers like Apple Safari, Google Chrome, Firefox, and HTML5. 

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