NCR Partners with MX to Launch Data-Driven Money Management Solution for Financial Institutions
NCR Money Management integrates consumers’ full financial picture throughout digital banking experiences for easy access
DULUTH, Ga. – September 7, 2016 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, in partnership with MX, today announced the launch of NCR Money Management, a data-driven money management platform that will provide consumers with an intuitive interface for managing and improving their financial lives.
NCR Money Management combines digital banking expertise from Digital Insight, an NCR company, and MX’s award-winning user experience (UX), providing account holders with practical financial data to aide in managing day-to-day spending decisions, budgeting, and financial planning. Together with MX, NCR Money Management delivers cleansed and categorized transaction data that makes spending behavior easy to interpret, along with reliable, redundant multi-source aggregation that paints a comprehensive financial picture. Financial institutions will then be able to analyze the non-sensitive primary and aggregated account data to present more targeted and relevant offers to their end customers.
Joining forces with MX’s industry-leading solution builds on our commitment to support financial institutions on their growth goals,” said Jose Resendiz, Vice President & General Manager, NCR. “We’re excited to bring our customers a solution that assists consumers in making smarter financial decisions and enriches the relationship that financial institutions have with their customers.”
NCR’s partnership with MX, which began in April 2016, is driven by financial institutions’ desire to better meet consumers’ digital expectations and improve customer retention – a fundamental change seen in the financial industry in recent years. NCR Money Management will launch as a pilot in fall 2016, and will be widely available in 2017.
The partnership will initially transition 471 financial institutions and 3.5 million users to NCR Money Management, with the opportunity for many more forward-thinking institutions to follow.
“We’re honored to be working with NCR as we deliver a money management experience that is second to none. Being an advocate for your account holders and helping them gain control of their financial lives is the key to deepening your relationship with them, something NCR Money Management takes to heart,” said Ryan Caldwell, CEO of MX. “We look forward to innovating together for many years to come.”
Long-time MX client FirstLight Federal Credit Union, regarding the benefit to their members: “As they aggregate their accounts in one place, obtain powerful insights on how they spend, visualize and interact with budgets, our members learn how to manage their money to save for the things that help them realize their dreams,” said Jim Huff, Senior Vice President of Marketing, FirstLight FCU. “We’re excited to see NCR and MX working together to provide the next generation of money management tools.”
About MX:
MX enables banks and credit unions to achieve record-breaking growth by winning their competitors’ most profitable account holders. As one of the fastest-growing fintech providers, MX drives customer-centric banking relationships by gathering and providing data upon which online and mobile banking partners and financial institutions can create and deliver next generation banking applications and solutions.
Founded in 2010, MX delivers data for better banking with data aggregation, data cleansing, auto-categorization, classification, money management, custom API, data analytics, marketing, best-in-class user interface and more. In addition, MX offers an extensive array of client services, ranging from training to custom marketing services. MX currently partners with more than 650 financial institutions and more than 35 digital, online and mobile banking providers -- designating MX as a proven powerhouse in the fintech space. Learn more at MX.com.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
Web sites: www.ncr.com | www.digitalinsight.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
News Media Contacts
Aaron Gould
NCR Public Relations
212.589.8556
aaron.gould@ncr.com
Jeff Meredith
MX Public Relations
801.669.5588
press@mx.com
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com
Scott Sykes
NCR Corporation
scott.sykes@ncr.com