Information technology firm, Unisys Corporation (NYSE:UIS) , recently announced that it would be launching a new digital banking platform in collaboration with Sandstone Technology and Payment Card Technologies (PCT).
The Unisys Sandstone PCT (“USP”) platform is designed to augment digital banking services by catering to the changing needs of customers and providing a more secure banking platform. The new digital banking platform will provide hassle free service that can be utilized in mobile devices, tablets and Internet browsers.
The USP solution will be applicable to both established financial institutions and new market entrants. The new platform will enable built-in adaptive biometric and data analytics to securely identify customers and authenticate transactions to improve client experience.
The USP can be transmitted through a private or public cloud or as an ‘on-premise solution’, using the Unisys Stealth software. This software utilizes highly advanced identity-based micro-segmentation techniques and encryption that provide protection from cyber-attacks both within the organization and from outside as well.
With the evolution of technology, it has become a huge task for bankers to keep pace with the growing needs of their customers. It sometimes becomes challenging for financial institutions to provide the most advanced and upgraded banking experience that can be used via customers’ smartphones.
The combination of Sandstone’s expertise in providing frictionless omni-channel banking experience and Unisys’ Stealth software along with PCT’s wealth of experience and innovation in the payments arena is expected to give rise to the most advanced and secure digital banking platform. This new product will enable Unisys to gain an edge over its peers.
Based in Blue Bell, PA, Unisys specializes in securing client operations, increasing efficiency of data centers, enhancing support to their end users and constituents and modernizing their enterprise applications. The company has over 20,000 employees serving clients around the world.
Unisys currently has a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the industry include Barracuda Networks, Inc. (NYSE:CUDA) , CoStar Group Inc. (NASDAQ:CSGP) and Science Applications International Corporation (NYSE:SAIC) , each sporting a Zacks Rank #1 (Strong Buy).
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