NCR Corp. (NYSE: NCR), a provider of software and technology that runs self-directed banking for financial institutions, has acquired Terafina, a provider of customer account opening and onboarding services across digital, branch and call center channels.
Terafina expands NCR’s sales and marketing capabilities in its Digital First banking platform to drive revenue growth across consumer and business market segments. Integrating the customer onboarding experience into the NCR Digital First platform aims to drive higher customer satisfaction and increase the number of products which a customer will open.
“Digital Banking is a key aspect of the NCR-as-a-Service strategy we laid out at Investor Day in December,” said Michael Hayford, president and CEO of NCR. “Terafina has been a partner of ours and is already up and running, integrated with our Digital Banking platform. We know this adds value for our clients by making digital account sales, marketing and onboarding easier, so they can provide a superior experience for customers.”
The acquisition of Terafina is consistent with NCR’s strategy to acquire early stage software companies to enhance product capabilities and extend the company’s leadership in the industries it serves.