Cloud-native software provides a common platform for consumer banking transactions to meet evolving, cross-channel customer needs for burgeoning new payment types
Diebold Nixdorf , a global leader in driving connected commerce for the financial and retail industries, announced today that a global financial services firm – one of the world’s top ten banks – implemented the company’s VynamicTM Payments software to power the bank’s debit platform transformation. This initiative combines the bank’s transaction activity across multiple banking channels, including millions of debit cards serviced, thousands of branches and tens of thousands of ATMs, into a common processing platform.
Read More: Global Banks Known for their People and Work Culture
As consumer banking becomes increasingly digital, Diebold Nixdorf sought to re-envision payments processing as a key business enabler. Leveraging a cloud-native, microservice architecture and consolidating multiple channels to a single platform unlocks a range of benefits, including: continuous integration and deployment, rapid introduction of new features and payment types, and highly efficient processing at scale. These capabilities from Diebold Nixdorf underpin new consumer functions, including transaction automation and omnichannel connectivity, such as mobile-to-ATM and teller-to-ATM capability. This enables the financial institution to build seamless consumer journeys, regardless of the banking channel, while providing a consistent and personalized user experience for its global clients.
Gerrard Schmid, president and chief executive officer at Diebold Nixdorf, said: “It’s a pleasure to partner with such an innovative, global financial institution to define the future of payments software. Together, we are deploying a solution that provides massive gains in development time to market, processing speed and business agility, utilizing a robust, scalable and cloud-native architecture. This partnership and others, like our recent announcement with America First Credit Union, illustrate how Vynamic Payments delivers a next-generation solution that powers the ongoing digitization of consumer banking.”
Read More: InvestX launches Trading Platform Giving Access to Pre-IPO Giants
