— New version of software allows banks to easily integrate third party apps and services for enhanced customer experience, while leading-edge security protects consumer data across all touchpoints
Unisys Corporation( http://www.unisys.com/) (NYSE: UIS) announces the availability of the latest version of its Unisys Elevate(TM)( http://www.unisys.com/elevate) omnichannel banking software platform, which enables banks to adopt an open banking approach to deliver an unrivaled customer experience. Open banking allows financial institutions to share data with other organisations and easily access third party applications and services that they can then offer to customers as a way to personalise and improve the banking experience.
Available now, the new release of Elevate includes key components to help financial institutions take advantage of the benefits provided by open banking:
– Data management for personalised offerings: As more data is generated and shared by consumers every day, managing data presents a challenge for many financial organisations. Elevate features an advanced analytics platform that accrues data across all available banking channels and enables the bank to create personalised offers and generate dynamic content based on a customer’s spending habits, as well as provide actionable insight into their spending or savings needs.
– Application programming interfaces (API) integration: A benefit of open APIs is that they facilitate a bank’s ability to integrate new products and services without having to perform a “rip and replace” of legacy applications. However, blending legacy infrastructures with modern tools and technologies via open banking requires changes to existing architecture and increases the complexity of the IT ecosystem. The new version of Elevate features an API portal that facilitates the seamless integration of third party data and services into a bank’s platform without disruption to the bank or the customer.
– Security across multiple touchpoints: Financial institutions must take care to understand the security protocols of the third parties they are doing business with and be assured that their customers’ data is secure while in motion and at rest. Elevate is secured by Unisys Stealth(R)( http://www.unisys.com/
“What makes this new version of Elevate truly unique is that it takes the new transaction channels made available by open banking and allows banks to seamlessly integrate them into their offerings,” said Maria Allen( https://www.unisys.com/
Given the influx of data associated with an open banking model, security is understandably a big concern for banks. Stealth(TM) reduces attack surfaces by creating dynamic, identity-driven microsegments called communities of interest (COIs). By establishing secure COIs, Stealth separates trusted systems, users and data from the untrusted. It further reduces attack surfaces by encrypting all communication between Stealth-protected assets and cloaking the assets from unauthorised users.
Importantly, the dynamic isolation capabilities of Stealth allow clients to quickly isolate devices or users at the first sign of compromise, stopping attacks in progress. Having the ability to not only identify but also isolate threats in a matter of seconds allows an organisation to respond forcefully to attacks without disruption.
Launched in 2017, Elevate is an end-to-end, digital banking software platform and suite of applications designed to help financial institutions deliver an instantly secure, omnichannel banking experience to their customers. As a result, customers will be able to pay their bills on the go, transfer funds and apply for loans and mortgages anytime, anywhere – regardless of whether they are doing so on a mobile device or tablet, via an internet browser or inside a branch. For more information on Unisys Elevate, go to www.unisys.com/elevate.
More than 450 financial institutions worldwide rely on Unisys solutions. Recently, it was announced that Monmouthshire Building Society( https://www.unisys.com/
For more information on Unisys’ financial services capabilities, please visit http://www.unisys.com/
About Unisys
Unisys is a global information technology company that builds high-performance, security-centric solutions for the most demanding businesses and governments on Earth. Unisys offerings include security software and services; digital transformation and workplace services; industry applications and services; and innovative software operating environments for high-intensity enterprise computing. For more information on how Unisys builds better outcomes securely for its clients across the Government, Financial Services and Commercial markets, visit www.unisys.com.
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RELEASE NO.: 0423/9672
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SOURCE: Unisys
