Keynote Addresses Strategies to Confront Industry Disruptions and Major D+H Investments in People, Datacenter Infrastructure and its Solution Portfolio
LAKE MARY, FL, Sept. 1, 2015 /CNW/ - DH Corporation ("D+H") (TSX: DH), a leading provider of technology solutions to domestic and global financial institutions, today announced more than 1,600 leaders from financial institutions, alliance partners, consulting firms and financial media have gathered with its own leadership at this year's D+H Connections conference in San Diego. Revealed in a keynote address led by D+H executives were strategies to confront industry disruptions - such as Millennial and consumer banking expectations, marketplace lenders and financial regulations - and announcements about D+H's recent investments in people, datacenter infrastructure and its solution portfolio.
D+H CEO Gerrard Schmid kicked off the conference by discussing the impact of innovation on the financial services sector. "Take driverless cars as an example," said Schmid. "Billions of dollars are being spent to develop autonomous vehicles. Goldman Sachs predicts 2017 to be a watershed year for autonomous car technology, and they expect this movement to be led by Google, not an automaker. This trend has important long-term consequences for any financial institution engaged in auto lending. Will people even own cars or simply order one on-demand via an app? And who will they turn to for their auto loans?" he questioned. Schmid reminded clients that innovation and new technologies are shifting consumer expectations and driving demands for new standards of convenience. "This is why we see more of our clients focused on the customer journey, building loyalty and leveraging technology to do what's right for their customers or members."
The D+H leadership team went on to explain the company's strategy to help their clients grow and compete effectively in a world of continuing change and innovation. "We've promised our clients product innovation because that's what banks, credit unions and governments have trusted us to deliver for 140 years," said Sanjiv Waghmare, chief product officer of D+H's U.S. Lending and Integrated Core Solutions business. "But most importantly, we've promised solutions that enable our clients to deliver the best experiences to the people who matter most - their customers."
Over the past 12 months, D+H has made significant investments to strengthen and expand its product portfolio. The company's increased capital spend on product enhancements and additions has already resulted in two new products, Consumerbot™ and Mobile Banking App, introduced earlier this year, with Depositbot™ scheduled for later this year; 40 new integrations between D+H solutions and with strategic partner products; and estimates of more than 10,000 hours per month dedicated towards compliance work. Further, D+H has partnered with industry leading organizations like Malauzai Software, Inc. to expand its channel delivery solutions; CUNA Mutual Group to enhance its mortgage offering; and acquired Fundtech, a global leader in payment and transaction banking solutions.
"As a trusted FinTech provider to nearly 8,000 financial institutions, we must continue evolving to deliver on our simple mission to 'Help clients grow. Every day'," said Bill Neville, president of D+H's U.S. Lending and Integrated Core Solutions business. "Our clients increasingly depend on us to meet their customers' expectations for simplicity, convenience and consistency. As just one example, clients rely on D+H to process more than 113,500 mortgage applications, 136 million Internet banking transactions and almost half a million bank statements for their customers - in just one month. We take that commitment to clients and their customers very seriously. That's why we continue to invest in our products and partnerships. It's why we've doubled down on our information security, compute and networking platforms. And, it's why D+H hired more than 650 people globally from the market's most innovative companies in the last year. We're excited that Connections presents an opportunity to share the results of this progress, and our continued efforts, with clients."
To learn more about Connections 2015 or engage with us throughout the event, follow us on Twitter @dhusacorp and reference #DHConnections.
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, enterprise and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues of more than $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward ranking. For more information, visit www.dh.com.
SOURCE DH Corporation
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Chanelle Kasik for D+H