NCR Acquires D3 Technology

FinTech firm NCR Corporation has acquired D3 Technology Inc., an online and mobile banking specialist for the large financial institution (LFI) market. The acquisition of D3 will serve to expand NCR’s digital banking footprint into new segments, including large U.S. banks and, eventually, international banks as well.

“D3 has a well-earned reputation for innovation and product excellence and delivers one of the most advanced digital platforms for large banks,” said NCR Corporation President and CEO Michael D. Hayford in an announcement of the acquisition. “NCR’s Digital First Banking solutions help financial institutions connect with consumers whenever, wherever, and this acquisition helps NCR provide banks of all sizes with an exceptional digital experience.”

D3 offers a customer-centric solution for large banks that has risen to prominence in the industry as a digital platform.

“NCR is a great fit for D3 and the timing is right for us to combine forces to create a powerful digital transformation platform for large financial institutions. This transaction enables us to capitalize on new market opportunities and bring top-tier capabilities to our mutual and future clients,” noted Mark Vipond, chief executive officer for D3.

NCR is best known for its cloud-based solutions for the community financial institutions (CFI) market — and the D3 acquisition now expands its on-premise offerings for LFIs.

The expansion of NCR’s digital banking solution portfolio means that in addition to delivering one of the industry’s strongest solutions in the cloud for the community financial institution market, it can now provide a leading on-premise solution built for the needs of LFIs. According to the press release, with D3 on board, NCR can accelerate its Digital First Banking strategy. That strategy includes integration of the customer experience across all self-service channels including online and mobile banking; ATMs and Interactive Teller Machines.

The financial terms of the deal thus far have not been disclosed as of yet. The transaction is expected to be slightly dilutive to EPS in the first year.