Unisys revamps Elevate platform to prepare for open banking

Unisys Corporation has announced the availability of the latest version of its Unisys Elevate omnichannel banking software platform – now enabling banks to adopt an open banking approach.

The new release of its Elevate solution features key components that Unisys believe will help financial institutions take advantage of the benefits provided by open banking.

It features an analytics platform that gathers data across all available banking channels and enables the bank to create personalised offers and generate dynamic content based on a customer’s spending habits.

Unisys say this can also provide actionable insight into their spending or savings needs.

“What makes this new version of Elevate truly unique is that it takes the new transaction channels made available by open banking and allows banks to seamlessly integrate them into their offerings,” said Maria Allen, vice president and global head of financial services, Unisys.

Elevate has been developed and secured by Unisys’ own Stealth security software. It works by creating “dynamic, identity-driven microsegments” dubbed communities of interests which separates trusted systems, users and data from the untrusted.

Stealth also allows clients to isolate devices and/or users at the first sign of compromise – possibly stopping attacks in progress.

Allen continued: “Not only does this enable a truly omnichannel experience where the customer can securely complete a transaction from any location and from any device, but it establishes the bank as an integral part of the customers’ life – a ‘one-stop-shop’ where they can get personalised products and services they want, when they want them.”

Launched in 2017, Elevate is an end-to-end, digital banking software platform and suite of applications designed to help financial institutions deliver a secure, omnichannel banking experience to their customers.