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Google’s expertise is in UX design,” he noted. “By Consumers largely understand (and are okay with) how that data is used to serve up recommendations for flights from Chicago to Austin or home remodelers in Baltimore.
This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digitalbanking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million.
The first pure-play digitalbank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on. Under that definition, PayPal is a business “bank” as is Square and Amazon. HQ: Austin, TX. Source: CB Insights.
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