D+H's PhoenixEFE® Receives 2015 XCelent Award for Client Base, Highest Overall Industry Rating
LAKE MARY, FL, Jan. 18, 2016 /PRNewswire/ - DH Corporation ("D+H") (TSX: DH), a leading provider of technology solutions to financial institutions globally, today announced that it has been named the winner of a 2015 XCelent Award in Celent's Core Banking Systems (CBS) for Community Banks 2015 report. D+H's PhoenixEFE® was recognized as one of only two CBS platforms to earn a four-star rating for technology, client base and overall solution competitiveness among the Top 5 banking technology providers.
Highlights of the 2015 report include:
- PhoenixEFE earned a four-star rating for Advanced Technology, one of only two CBS platforms to achieve this rating. The associated criteria includes: the architecture of the system, the level of integration with third-party systems, the degree of customization afforded, the level of scalability, and the flexibility of deployment of the CBS. PhoenixEFE earned a higher than average rating of four stars for architecture, systems integration capabilities and deployment options.
- PhoenixEFE earned five stars for Average Assets Processed, the most of any CBS platform in the report.
- The average client size of PhoenixEFE was more than twice the median for the CBS platforms reviewed.
- PhoenixEFE earned a rating of four stars for system reporting. PhoenixEFE offers nearly 700 standard core reports, and its use of a standard Microsoft SQL database to hold core system data allows for relatively easy customization of standard reports, as well as the ability to create ad hoc CBS reports.
"Celent was pleased to include D+H's PhoenixEFE in its latest review of core banking solutions for community banks. PhoenixEFE performed very strongly in the review, earning four of five stars for both Advanced Technology and Client Base," said Celent Senior Banking Analyst James O'Neill. "As core banking implementations transition to a cloud-based model in the future, PhoenixEFE's foundation on up-to-date software technology positions it nicely for the long term."
The core banking platform is the primary system of record for the accounts of a bank and, according to Celent, is arguably the most important technology component of any financial institution.
"Financial institutions continue to trust D+H to deliver product innovation," said Sanjiv Waghmare, chief product officer of D+H's U.S. Lending and Integrated Core Solutions business. "Most importantly, we've promised technology solutions that enable our clients to deliver the best experiences to the people who matter most - their customers. We're honored to have received this industry recognition, which points to the continual innovation at D+H, from integration with a full array of channel and payment solutions to D+H's class-leading commercial, mortgage, small business and consumer lending solutions."
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, integrated core 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 well in excess of $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 rankings. For more information, visit dh.com.
SOURCE DH Corporation (Corporate Communications)