ACI Worldwide Recognized as Best-in-Class by Aite Group in Cash Management Benchmarking Study

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New study evaluates vendors for strengths in critical areas of importance to financial institutions

Thursday, October 25, 2018

NAPLES, FLA—October 25, 2018—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that its digital banking platform, Universal Online Banker, received “Best-in-Class” status in the AIM Evaluation: The Leading Providers of U.S. Cash Management, 2018 report from Aite Group. According to the report, ACI’s Universal Online Banker showed strength in its breadth of functionality, and had the best open API-enabled architecture providing greater flexibility and a new modern interface.

Leveraging the Aite Impact Matrix (AIM), the report evaluates eight cash management platform providers focusing on four key components including stability, client strength, product features and client services. Based on the firm’s analysis of participating cash management platform providers, the AIM highlighted three specific types of vendor groupings including Best-in-Class, Contenders and Incumbent or Emerging. As one of the Best-in-Class vendors, ACI is among the leaders with strong financials, a diverse client base and a robust solution with industry-leading functionality and reliable client service, according to the Impact Report.

As the financial services industry embraces digital transformation strategies to meet new client expectations and an expanded definition of banking, there is a compelling need for a modern, next-generation cash management platform,” said Christine Barry, research director, Wholesale Banking Practice, Aite Group. “In their drive to compete in a space where customer experience and digitization are key, this Impact Report aims to help banks evaluate the cash management product portfolio that will serve them and their customers best.”

“It’s an honor to be recognized among the Best-in-Class vendors in Aite’s Cash Management benchmark report,” said Jim Gillespie, vice president, Digital Channels, ACI Worldwide. “With the refreshed user interface and mobile capabilities of Universal Online Banker, we’re helping banks expand their digital offerings and improve the customer experience. Our clients are already seeing increased revenue from both new and existing customers as a result.”

ACI’s Universal Online Banker provides banks with the opportunity to offer numerous additional features and services to their commercial and business banking customers. The cloud-based solution incorporates industry-leading security, and includes an extensive library of APIs, and the ease of access through mobile, tablets and desktops allows banking customers to manage their cash management position wherever and whenever they want.

For more information on Universal Online Banker, visit: https://www.aciworldwide.com/products/universal-online-banker

 

Meet ACI at AFP, booth # 1107, November 4-7, McCormick Place Convention Center, Chicago. For more information, please visit: ACI Worldwide at AFP.

 

Methodology:

Leveraging the AIM, a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of each vendor, focusing on vendor stability, client strength, product features, and client services.

The following criteria were applied to develop a list of vendors for participation:

  • Bank awareness of the vendor as a provider of a viable cash management offering
  • Successful implementation of a cash management solution at a minimum of one U.S.-based financial institution and an ability to provide client references
  • Ability to offer a full out-of-the-box cash management solution as opposed to just components of one

Participating vendors were required to complete a detailed product request for information (RFI) comprising both qualitative and quantitative questions, conduct a product demo and briefing, and provide active client references.

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