D3 updates its platform and introduces new features and functionality quarterly to enable continuous innovation for its financial institution clients that collectively serve more than 2.5 million consumers.

“Banking is becoming a more open and fluid undertaking, and FIs are adopting variations of the ‘banking as a platform (BaaP) strategy to position themselves for the rapid pace of change underway,’ writes Joe Walent, Associate Director at the Mercator Advisory Group in their research report, Banking as a Platform: API Technology Presents Opportunity to Financial Institutions. “BaaP represents a profound change in the speed of access to technology innovation in products, services, and interaction channels across the values stack. Modularity and standardization of service delivery component outputs empowers financial institutions to configure themselves and their solution sets to fit the individual needs of consumers.”

The most recent enhancements to D3’s digital banking platform include:
• Payment Options. D3 recently announced its direct API-driven connection with Zelle payment services to enable a more intuitive, modern P2P payment experience within financial institutions’ banking applications. With this technology, any user with a bank account can conveniently transfer money among family or friends, while allowing financial institutions to maintain control over the consumer experience.

• Card Controls. Leveraging D3’s card control technology, financial institutions can give customers the ability to self-manage their debit and credit cards, with options to disable or enable their cards at their own convenience. These controls provide consumers with the ability to take actions to enable or disable a card if lost or stolen or based on specific geographic locations.

• User Segmentation. With D3’s powerful data analytics engine, financial institutions can segment customers and members using a comprehensive list of filters to identify the needs of end users, establish risk profiles and personalize offers for new products and services. In this most recent release, this capability has been further enhanced, allowing banks and credit unions to incorporate data generated by the D3 self-learning categorization capability.

• Additional Enhancements: In addition to the new capabilities described above, several existing features within the D3 solution were enhanced including bill pay, extended support for RDC options and additional expedited payments.

“Consumers are demanding more digital capabilities and smoother digital experiences from their banks and credit unions, and financial institutions must be able to not only provide the right products and services, but provide them quickly and continuously,” said Mark Vipond, CEO at D3. “It is no longer viable to update solutions every year or two. Our customers must have multiple updates in a year that include modern innovations that are necessary to compete at any level. Our most recent release is a good example of how this approach provides continuous innovations within our platform to better serve the more than 2.5 million customers using our product for their everyday banking needs.”