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Update: Kony Ranked Among Top Mobile Banking Technology Vendors by Tower Group

Kony, the leading mobile application platform provider, today announced the company has been named a top mobile banking vendor in Tower Group's "Review of North American Consumer Mobile Banking Technology Vendors: Chasing A Moving Target" report.

According to the report, "Kony Solutions' highly customizable Mobile Banking Application has attracted the attention of several tier 1 FSIs as well as financial institutions using the solution for non-mobile banking deployments (e.g., insurance, investments). Kony led the vendors reviewed in feature/function score as well as solution customization score. Kony's solution is primarily designed for institutions that want the ultimate flexibility and control over their mobile deployments. However, only top-tier and large midtier institutions will likely have the resources or internal support for the development platform approach. The solution can be installed in turnkey fashion using Kony's professional services to deliver the application according to client specifications."

"We are pleased to be recognized as a leading mobile banking solution provider by such a prestigious organization," said Kony CEO Raj Koneru. "We spent two years in dedicated development of the Kony Platform, ensuring our technology could aptly solve the mobile chaos problem for brands and provide valuable touch points with customers. Today we work with financial services companies globally to provide them with powerful mobile banking solutions through both our best-in-class platform, as well as off-the-shelf customizable solutions."

Built on the Kony Platform, Kony Mobile Banking is an off-the-shelf mobile banking solution that enables leading financial services companies to leapfrog the competition by extending beyond commonplace capabilities. Leveraging the application design and its single code base, the Kony Platform generates each client specific application, optimized for that channel and format whether that is a smartphone, mobile Web browser, tablet, SMS, Web gadget or kiosk. Kony's capability to create native applications for more than 9,000 devices, operating systems and channels without compromising native features and functionality offers brands a unique opportunity to deepen the customer experience through the mobile medium.

'Change Once, Change Everywhere' ensures that any design modification in message, flow, feature or design is simultaneously applied to the application across all extensible clients, achieving an effective, broad, and consistent mobile experience. In addition, Kony's unique single application definition approach ensures faster adoption of new operating systems and standards as they are introduced, eliminating maintenance, upgrade and future development costs.

To download the full report, please visit www.kony.com.

About Kony
Kony enables enterprises to offer consumers and employees feature-rich mobile applications in less time and at lower costs than any other solution. Leveraging a single application definition, applications are designed and developed just once, in a device-independent manner, and deployed across multiple channels, including native applications, device-optimized mobile web, SMS, web gadgets, kiosks, and tablets without compromises. Kony's unique platform is proven to future-proof a company's mobile investment by enabling applications to be changed once for all channels, ensuring faster adoption of new operating systems and standards as they are introduced, while eliminating maintenance, upgrade and future development costs.

In 2011 Kony has been named a Gartner Cool Vendor, a 'Most Innovative Company of the Year' by the American Business Awards and was chosen as one of Fast Company's 100 innovative Apple-affiliated achievers.

For more information, please visit www.kony.com. Connect with Kony on Twitter, Facebook and LinkedIn.