The impact of the digital revolution has changed almost every industry today. Especially, the finance sector has undergone major changes due to the advancement in the digital world wherein the traditional banking structures are altered drastically. Automation is one of the biggest challenges in banking today.
Digital banking allows customers to have to 24/7 access to their bank via convenient tools and features through the digital banking platform. Tyfone is a leading digital banking service provider, headquartered in Portland, Oregan, which offers services including online, mobile, wearable, and voice banking. The banking processes performed through this solution provides better security and convenience to the users in the digital world of cloud, mobility, and IoT.
"The ability to visualize the consumers’ finance, gain newfound insights, and better manage the money on the go are capabilities that users find increasingly useful"
Daniel Rawlings, Tyfone's Chief Revenue Officer, says, “The ability to visualize the consumers’ finance, gain newfound insights, and better manage the money on the go are capabilities that users find increasingly useful.”
In order to integrate the financial data and inbuilt money management tools, Tyfone has partnered with MX, which is the fastest growing unified financial data leader. MX solution distinguishes various types of transactions carried out in the digital channel. Revenue of a financial institution will be very high due to the unified financial data. The important factors behind the digital transformation of financial services are consumer preferences and the need for their empowerment.
MX solution’s aggregate data has the ability to create awareness about the benefit to a user and the financial institutions where the data is about switching to lower interest products and increase saving. The ability of aggregation is very useful for Tyfone as they deliver secure multichannel digital banking solutions that prioritize this kind of intelligence.
Tyfone nFinia secures the digital banking suite for financial institutions and their customers. This solution delivers secure banking experience across all digital channels such as the smartwatch, phone, tablet, PC, or kiosk. nFinia also includes essential functions of mobile and online banking, such as bill payments and personal money management. The design and architecture of nFinia ensure that the user experience is convenient, secure, and consistent regardless of the customer’s digital channel or device.
Tyfone has greatly been able to bridge cybersecurity, mobility, secure digital banking, payments, wearables, and secure IoT. And most importantly, the company’s clients can reap the benefits from its offerings at an affordable price.