Unisys Corporation (NYSE: UIS) today announced a collaboration with Sandstone Technology and Payment Card Technologies (PCT) to launch the Unisys, Sandstone and PCT (USP) digital banking platform.
The new solution is designed to help financial institutions meet the changing needs of their customers by delivering secure digital banking services via multiple platforms including mobile devices, tablets and internet browsers.
The partnership will seamlessly deliver best-of-breed solutions from Unisys, Sandstone Technology and PCT. USP is applicable to new market entrants or established financial institutions with the ability to deliver a digital omni-channel experience, including the origination of mortgages, loans, savings and current accounts, in a cost-effective solution. The platform will provide built-in adaptive biometric and data analytics to securely identify customers and validate transactions, to reduce fraud and enhance customer experience.
USP can be delivered as-a-Service from a private or public cloud or as an on-premise solution, secured using the Unisys Stealth™ software solution. Unisys Stealth uses identity-based micro-segmentation techniques and encryption that help organisations mitigate cyber-attacks from outside or within the organisation by rendering devices, data and end users undetectable on networks.
Eric Crabtree, global head of Unisys Financial Services, said, “Today’s challenge for many banks and building societies is how to stay relevant and keep pace with the changing needs of customers. Today’s millennials are demanding a new banking experience, preferring to use smartphone and internet technologies rather than the traditional brick-and-mortar banking.”
USP’s cloud delivery model will enable financial institutions to grow their digital customer propositions and omni-channel service offerings; improve their speed to market for digital services; and shift costs to a pay-for-use model. Regulatory change for the platform is supported by Unisys, which is trusted by many clients around the global to deliver innovative, business-critical solutions.
Sam Plowman, CEO, Sandstone Technology, said, "We are pleased to partner with Unisys to deliver the USP digital banking platform. The new platform recognises the importance of providing a superior customer experience via the digital channel. Delivering a frictionless omni-channel banking experience is at the core of what we do here at Sandstone and this new digital banking platform is truly a powerful proposition for banks and building societies."
Ian Clowes, CEO, Payment Card Technologies, said, “PCT is delighted to showcase this revolutionary new digital banking platform through our strategic partnership with Unisys and Sandstone Technology. PCT brings a wealth of experience and innovation to the payments arena and we believe that the market is ideally suited to benefit from this consumer-friendly and functionally rich digital banking platform.”