NCR Corporation (NYSE: NCR), a technology provider for the financial industry, has acquired D3 Technology, a provider of online and mobile banking for the Large Financial Institution (LFI) market.
Adding D3 immediately expands NCR Digital Banking into new market segments, including US large banks and over time, international banks.
“D3 has a well-earned reputation for innovation and product excellence and delivers one of the most advanced digital platforms for large banks,” says Michael D Hayford, president and chief executive officer, NCR Corporation. “NCR’s Digital First Banking solutions help financial institutions connect with consumers whenever, wherever, and this acquisition helps NCR provide banks of all sizes with an exceptional digital experience.”
D3’s customer-focused solutions have become a leading digital platform for large banks. Mark Vipond, chief executive officer for D3 stated, “NCR is a great fit for D3 and the timing is right for us to combine forces to create a powerful digital transformation platform for large financial institutions. This transaction enables us to capitalise on new market opportunities and bring top-tier capabilities to our mutual and future clients.”
The expansion of NCR’s digital banking solution portfolio means that in addition to delivering one of the industry’s strongest solutions in the cloud for the Community Financial Institution (CFI) market, it can now provide a leading on-premise solution built for the needs of LFIs.
NCR is a leading provider of digital banking solutions for financial institutions. D3 accelerates NCR’s Digital First Banking strategy, which includes integration of the customer experience across all self-service channels such as online and mobile banking, ATMs, Interactive Teller Machines and other Banking software solutions, complemented by NCR’s consulting, advisory and support services.
Financial terms of the transaction, which is expected to be slightly dilutive to EPS in the first year, have not been disclosed.