Misys FusionBanking Essence Digital – described by the firm as a “modular suite of banking applications” -  uses marketing analysis to deliver product recommendations to clients interactively.

The firm highlighted that only 1.1 per cent of banks’ sales are currently made through mobile channels.

“Selecting a SaaS delivery model provides a safe path for banks to stay at the cutting-edge of digital channels, while converting a typically huge upfront investment into an affordable pay-as-you-go model,” Misys said. “Banks can use this solution to implement features much more quickly, such as bill pay, remote deposit capture and split bill.”