Omnio Group, a banking and fintech provider formed by the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, has partnered with Unisys Corporation (NYSE: UIS) to support the organisation in providing cloud based digital current account services to Monmouthshire Building Society (MBS).
Unisys is delivering online banking to MBS through its omnichannel banking platform, Elevate™. Launched last year, this is a dedicated financial services platform for institutions of all sizes, providing a range of services, including the origination of mortgages, loans, savings and current accounts regardless of touchpoint; from mobile banking, internet, branch or contact centre.
Omnio plays an integral role in the Elevate ecosystem, supporting the platform’s current account capabilities that are being harnessed by MBS.
Thanks to this service from Omnio and Unisys, MBS will be one of the first building societies in the UK capable of delivering seamless digital current account services across multiple channels on a cloud based platform
With Elevate, MBS customers will benefit from more flexible banking through the new current account services, including digital wallet capabilities which many banks do not currently provide. As a result, the building society aims to attract a new generation of customers by giving them the choice to simplify their money management online.
Speaking about the partnership, Will Carroll, CEO at Monmouthshire Building Society, explained: “As a regional building society we are excited to be working with both Unisys and Omnio on delivering a great digital experience for our existing and new members. With their help, we have a fantastic, industry-first digital platform that supports our strategic objectives to become a modern society, and the local flexible financial partner of choice. This new proposition will enable the Society to grow its membership, whilst providing a multi-channel offering.”
Ian Clowes, CEO of Omnio, added: “Increasingly, consumers want choice when it comes to how they do their banking. Through our work with Unisys and its Elevate platform, we can support MBS and other institutions to continue to provide their customers with the widest possible choice of services on the channels they want to use. We look forward to seeing MBS continue to thrive into the future through the services provided by Unisys and Omnio.”
Eric Crabtree, vice president and global head of Financial Services at Unisys, concluded: “MBS is committed to giving its customers a top-notch banking experience across as many channels as possible to meet their changing needs. With our services and software, combined with support from Omnio, we can help MBS achieve its goal, enabling it to drive greater customer satisfaction and build brand loyalty at the same time."
This partnership between Omnio and Unisys is the latest example of how Omnio is leveraging best-in-class industry technology to benefit the financial services sector. With a new brand name, Omnio’s predecessors, PCT and Tuxedo Money Solutions, have been supporting the financial services industry for many years. The company’s award-winning cloud based digital banking platform supports rapid market entry and agile product development through an omni-channel approach, and is being used by major brands in banking, as well as the travel, retail and corporate sectors.