D3 Banking wants to bring digital banking to SMEs, but it can’t do it alone.
The company makes a name for itself by providing small businesses a mobile-friendly banking solution, as well as by linking existing financial institutions with its technology to lend to their own SME clients.
Earlier this year, the company announced a partnership with IBERIABANK, allowing D3 to reach IBERIABANK’s SME customers. And while the collaboration saw D3 lending its services to the financial institution, the latest deal inked by the company sees D3 accessing the technology of another.
The company said on Thursday (April 7) that it will be using the cloud-based mobile banking module offered by FI Navigator, a solution, the firms explained, that offers a data analytics solution for FinTech firms.
D3’s accessing of FI Navigator’s solution means the company will use vendor analytics, industry analytics and FI-specific peer comparison reports on mobile banking services.
“The amount of data and analytics provided by FI Navigator is impressive and valuable to a number of functions across our company,” said D3 Banking CMO Michael Carter in a statement. “By gaining deeper insight into the industry and our clients through FI Navigator, we will be able to ultimately better serve our customers and continue to provide them with the products and services they want and need.”
Separately, FI Navigator CEO and Founder Steve Cotton pointed to D3’s ability to already leverage data in its small business banking solution.
“D3 Banking effectively differentiates itself by leveraging data and analytics to allow their financial institution clients to offer highly personalized digital banking solutions,” he said. “It follows that they’d desire the same data-driven decisioning context for their own performance resourcing that FI Navigator can uniquely provide.”