Back to top

NCR's Cloud-based Developer Portal to Aid Digital Banking

Read MoreHide Full Article

The world’s leading consumer transaction technology provider, NCR Corporation (NCR - Free Report) continues to make bank transactions easier. This time, the technology solutions provider has unveiled a cloud-based Developer Portal that will help financial institutions to meet growing customers’ demand.

The portal will offer “self-service access to digital banking APIs, the Software Development Kit (SDK) and third-party software connections developed by Digital Insight”. Digital Insight (a wholly-owned subsidiary of NCR Corporation) is a provider of online banking intended to enhance customer experience across mobile, bill pay and online banking channels.

With the addition of this new portal, NCR will now be able to provide a complete range of core banking functions powered by Digital Insight. This will strengthen the bank’s relationship with existing customers and help it acquire new ones.

According to Jose Resendiz, vice president & general manager of NCR Digital Insight, “The Developer Portal is a testament to NCR’s commitment to innovation that enables growth for financial institutions through the use of technology and an open, flexible platform.”

We believe that the success of the Developer Portal in drawing more customers based on the new banking services will likely drive demand for NCR’s products.

Apart from this, we are encouraged by NCR’s Automated Teller Machine (ATM) exposure. Right from increasing operational efficiency of the banks to managing retail bank branch networks, NCR has been instrumental in offering value added solutions.

We believe that NCR’s position in the self-service kiosk space is encouraging given the tremendous growth prospects. Continued product launches, growing popularity of its self-service offerings and synergies from acquisitions are the other catalysts.

However, similar offerings from the likes of Diebold Corp. (DBD - Free Report) and International Business Machines Corp. (IBM - Free Report) could create some pressure.



Currently, NCR has a Zacks Rank #3 (Hold).

A better-ranked stock in the technology sector is Intel Corporation (INTC - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Intel has a long-term expected earnings per share growth rate of 7.79%.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

More from Zacks Analyst Blog

You May Like