Banco Itau Unibanco standardises on Kony platform for mobile app development

Source: Kony

Kony Solutions, Inc., the leading mobile and multi-channel application platform provider, today announced that Banco Itau Unibanco will standardize on the KonyOne Platform to build, deploy and manage its mobile banking applications.

Banco Itau Unibanco is Latin America's largest bank and one of the world's 10 largest financial conglomerates, with more than $540 billion in assets and approximately 40 million customers.

Banco Itau Unibanco plans to build a new generation of Retail Banking apps on the KonyOne Platform and will port its existing mobile apps to Kony's platform to simplify management. Starting in 2013, the bank also plans to deploy cross-bank mobile apps for Investment Banking, Private Equity, Asset Management and Insurance. The bank also will build numerous mobile apps for its employees, to help streamline its operations and support its aggressive plans for international expansion.

"We chose to standardize on Kony after a highly detailed and extensive global evaluation process including SAP, IBM, Antenna and OpenText including side-by-side tests of different vendor offerings," said Marcelo Fabeni, Chief Mobile Officer, for Banco Itau Unibanco. "Only Kony could offer us a single, scalable platform to support all our mobile apps, on any channel, in all the countries where we operate. By working with Kony, we can also get to market faster with new services because we don't have to spend a lot of time and money writing code or managing back end integration--with Kony's platform, we can focus on banking."

"Having a strong understanding of the mobile market in Latin America and winning with Banco Itau Unibanco further proves that Kony has the right suite of products for the Latin America market, both consumer and enterprise," said Carlos Falconi, Kony's Vice President, Latin America. "With apps built on the KonyOne platform, Banco Itau Unibanco can engage with their customers and employees on any mobile channel, on any mobile device, without limitations."

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