Malauzai Marks 2017 With Surge in Customer Growth, Delivers Innovative Solutions Driving Widespread Adoption of Digital Banking

–Community financial institutions roll out modern business banking,
payments features in record numbers–

AUSTIN, Texas–(BUSINESS WIRE)–#digitalbankingMalauzai
Software
, a provider of digital banking solutions for community
financial institutions closed out 2017 with record 54% revenue and
customer growth, including a notable increase in business banking and
internet banking usage. Overall digital banking transaction volume
spiked with a surge in the number of money movement transactions,
particularly P2P and remote deposits.

Click
here to watch a special message from Malauzai’s Chief Product Officer,
Robb Gaynor and Chief Technology Officer, Danny Piangerelli

“2017 was a pivotal year for digital banking and for Malauzai,“ said Tom
Shen, CEO of Malauzai. “Our team is on the front lines, working with
some of the most innovative financial institutions in the country to
redefine the way banks and credit unions interact and engage with
customers/members. We continue to grow our digital banking platform
enabling institutions to provide exceptional service with modern tools
and user-friendly features. And this year, I am incredibly proud of the
successes we achieved with our business banking solution providing real
value to businesses with tangible benefits. As a result, our usage rates
tripled.”

In 2017 the company reported a 300 percent growth in the number of
businesses leveraging its MalauzaiOne digital banking solution.
Additionally, internet banking log-ins increased by more than 125
percent with a 40 percent rise in the number of daily log-ins. Money
movement including transfers, picture pay, remote deposits, billpay, P2P
and A2A, continued to gain momentum as the number of overall
transactions grew by 50 percent representing more than $12 billion in
transactions. Specifically, P2P transactions increased by 100 percent;
remote deposits by 30 percent.

At year end, Malauzai had expanded its customer base using the
MalauzaiOne digital banking now serving more than a million consumers
and businesses. Malauzai’s SmartApps surpassed 1.2 million downloads in
2017, and the company has created a Digital Banking Ecosystem that now
supports more than 200 Fintech vendors, including over 40 core banking
providers and dozens of payment processors. Additionally, the monthly
login average exceeded 10 million, With major growth in all mobile
device platforms.

“We accomplished several significant milestones in 2017, marked by our
tremendous revenue growth and ability to scale, as we continue to shape
the industry with our unique next-generation of digital banking
technology,” said Robb Gaynor, chief product officer for Malauzai.
“Providing a single platform relieves maintenance requirements, lowers
total cost of ownership for community financial institutions and drives
back-office efficiencies while providing a powerful, yet simple digital
banking experience and superior customer engagement. Bottom line, we can
save money for a bank or credit union, as much as 40% on their overall
digital banking spend. The tremendous growth we experienced in 2017 and
the industry’s overwhelming response to our single platform is
indicative that our unique approach is the future of digital banking.”

About Malauzai Software

Malauzai was incorporated in 2009 in response to the growing demand for
a technology company that could provide innovative mobile solutions for
community financial organizations. Malauzai provides Consumer, Small
Business, Business, Employee SmartApps®, SmartwebApps and SmartwearApps
that enhance the end-user experience for mobile and Internet banking,
ultimately resulting in increased value for financial institutions.

Contacts

For Malauzai Software
Anna Stanley, 678-781-3072
anna@williammills.com