Executive Summary

On July 2, 2019, NCR announced the acquisition of D3 Technology, a leading provider of online and mobile banking for the large financial institution (LFI) market, for an undisclosed figure.

• D3 provides software APIs and tools for banks and credit unions to offer digital banking services across many platforms, including mobile, as well as enhancing usability and design to enhance the customer experience.
• NCR commented that the acquisition would expand NCR Digital Banking into new market segments, including US large banks and, over time, international banks. The transaction will enable the company to capitalize on new market opportunities and bring top-tier capabilities to its mutual and future clients, it said. The addition of D3 will also provide a leading on-premise solution built for the needs of LFIs.
• The company envisions the acquisition will accelerate its digital first banking strategy, which includes integration of the customer experience across all self-service channels such as online and mobile banking, ATMs, interactive teller machines, complemented by the company’s consulting, advisory and support services.
• The D3 acquisition strengthens NCR’s banking software portfolio, expanding its reach from banking hardware such as ATMs to incorporate digital and mobile technology.