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. NCR commented the acquisition would expand NCR Digital Banking into new market segments, including US large banks and, over time, international banks. The transaction enables NCR to capitalize on new market opportunities and bring top-tier capabilities to its mutual and future clients. The addition of D3 also gives NCR 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. [caption id="attachment_92161" align="aligncenter" width="700"] Source: D3 Technology[/caption]   About D3 D3 claims its API-driven digital banking platform helps banks and credit unions lower cost, decrease complexity, speed innovation, and deliver the digital-banking customer experience users expect. Its platform centers on three main areas:

• Customer experience focused on usability and design.
• Digital solutions that are prebuilt, highly configurable to use channels ranging from web to mobile to smartwatch and voice and offering business intelligence and analytics, marketing campaigns, account opening, admin and operations, and customer support.
• Banking services and features that leverage D3’s platform to tailor and extend the digital banking offering.
• Technology including application programming interfaces, microservices and software development kits.

The company is headquartered in Omaha, Nebraska, has 101-250 employees, and has raised $34.9 million in nine funding rounds, according to Crunchbase, with estimated annual revenues of $50 million, according to Owler. Coresight Research’s Take The D3 acquisition strengthens NCR’s banking software portfolio, expanding its reach from banking hardware such as ATMs into digital and mobile. Changes to Guidance NCR announced the acquisition would be slightly dilutive to EPS in the first year but did not update its guidance of adjusted full-year EPS of $2.75-2.85, compared to adjusted EPS of $2.62 the prior year.