Kony DBX Sales Growth Reaches 69 Percent for Fiscal 2018

Kony,
Inc., a leading provider of digital banking solutions, today
announced that sales growth for its Kony
DBX business has dramatically increased, growing 69 percent in
fiscal 2018. The company also increased its new banking customer base by
115 percent worldwide.

The rapid growth comes on the heels of Kony’s recent
launch of its DBX digital banking platform and application suite.
Kony DBX represents a major advancement to help banks and credit unions
deliver frictionless digital experiences to customers across every point
of interaction. Kony is the first vendor to provide pre-built, native
and web apps along with a purpose-built digital banking platform for
financial institutions. The Kony DBX platform builds on Kony’s digital
expertise in multiple industries, with advanced technology solutions
supported by an expansive partner network.

“When you enjoy the intersection of compelling market forces and
best-in-class solutions, good things happen,” said Thomas E. Hogan,
chairman and CEO of Kony, Inc. “Kony is bringing the market’s leading
digital banking platform to banks, credit unions and insurance companies
around the world. Through Kony DBX, many of the world’s leading
financial institutions are leveraging a new way to deliver better user
experiences, and do so with agility, security and efficiency.”

Kony serves more than 90 financial services companies around the world,
including banks of all sizes, credit unions and insurance companies.
Some of the customers that recently partnered with Kony to accelerate
their digital transformation include CIMB Niaga, CommonWealth One
Federal Credit Union, IndusInd Bank, Hancock Whitney Bank, Logix,
Mercantil Bank, ORNL Federal Credit Union, Orange County’s Credit Union,
Partners Federal Credit Union, PSECU, TDECU, and TMB Bank.

“For more than a century, Hancock Whitney Bank has helped our Gulf South
clients and communities achieve their financial goals and dreams. We are
continuing that commitment through delivering innovative digital
solutions that engage our clients and improve client satisfaction,” said
Jennifer Wilson, senior vice president and chief digital officer, Hancock
Whitney Bank. “With Kony, we are making significant forward progress
in our digital banking journey, and we look forward to leveraging the
newest capabilities of Kony’s digital banking solutions.”

“We have been partnering with Kony to provide an omnichannel experience
both for retail customers and small to midsize businesses. With multiple
apps across channels and platforms, TMB has been able to penetrate into
a large user base, and increase the assets,” said Lorenzo Tassan-Bassut,
Chief Operating Officer, TMB
Bank. “With business and IT collaborating well with service
providers, TMB has seen the rapid pace of Agile based development,
several technology innovations and is able to successfully create and
improve digital banking experiences for TMB’s internal business
development managers and end customers.”

“In the last 10 years, IndusInd Bank set an objective of being a
technology backed customer centric organisation. In line with this goal,
the Bank set out to deliver new innovations to its customers each year
and is now known for being one of the most innovative Banks of India,”
said Mridul Sharma, EVP and Head Technology, Induslnd
Bank. “In this journey, a mobile first and a customer first approach
was a priority. We partnered with Kony to imbibe a Mobile Application
Development Platform (MADP) approach to mobile-first applications, which
has helped us deliver rich app experiences that are appreciated by the
customers, while ensuring that the complexity of multiple code bases for
the various platforms that we serve is kept to the minimum. This has
helped us in better time to market, thus ensuring that the client
experience remains fresh and dynamic.”

“Our cast members of The Walt Disney Company are increasingly expecting
to do banking anywhere at any time,” said John Janclaes, president and
CEO, Partners
Federal Credit Union. “In the past, credit unions distinguished
themselves by providing direct person-to-person interaction, and today
our challenge is to bring that personal service to the digital realm. We
rely on Kony as our strategic partner to help us accelerate our digital
transition so we can better meet the needs of our cast members today and
in the future.”

“In the relatively nascent years of mobility in banking, CIMB Niaga was
a pioneer in envisioning that truly capturing value would need to be far
more than merely transporting internet banking functionality to a new
device,” said Rita Mas’Oen, Operations and Information Technology
Director, CIMB Niaga. “Using technology as a game changer and passion to
push the envelope with digitization, CIMB Niaga evolved and transformed
its mobile banking apps to New GoMobile in 2017. Kony’s platform helps
achieve the transition quickly and seamlessly, delivering secure, robust
and convenient apps that put excellent customer experience at its top.
Giving limitless banking service in the customer’s hand, anywhere and
anytime! There will be No More No!”

About Kony DBX

Kony DBX is the banking and financial services arm of Kony,
Inc. and is a globally recognized leader in digital banking
transformation. With a portfolio of modern, frictionless applications
powered by the industry’s most recognized platform, Kony DBX enables
banks and credit unions of any size to accelerate innovation — without
compromising what’s critical. For more information on Kony DBX and Kony
DBX Retail Banking, visit Kony
DBX or connect with Kony DBX on Twitter, Instagram,
and LinkedIn.

About Kony, Inc.

Kony is
the fastest growing, cloud-based digital application and low-code
platform solutions company, and a recognized industry leader among low
code and mobile application development platform (MADP)
providers. Kony helps organizations of all sizes accelerate digital
success by rapidly transforming ideas into innovative and secure
omnichannel applications. Built on the industry’s leading digital
platform, Kony’s cross-platform, low-code solution empowers
organizations to develop and manage their own apps to better engage with
their customers, partners and employees.

Kony has been named a “Leader” among the top Digital Experience
Development Platforms vendors in The Forrester Wave™: Digital
Experience Development Platform, Q2 2018 report. Kony
has also been recognized as a “Leader” in the IDC
MarketScape: 2017 North American Mobile Banking and Payments report,
with the highest rating for Mobile Banking capabilities. Kony is also a Callahan’s
2018 Innovation Series winner, and earned two top honors at the American
Banker Digital Banking 2018 event: Runner Up for Best in Show and
People’s Choice.

For more information, please visit www.kony.com. Connect
with Kony on Twitter, Facebook, and LinkedIn.

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