More NewsDocumetric and IE Merge to Form Parseq

Documetric and IE Merge to Form Parseq

Documetric, the technology-led outsourcing provider, and IE, the provider of online and mobile software for financial providers, have merged under the new holding company, Parseq, which will provide banks with a multi-channel service for payments, applications processing, customer servicing and data analytics.

A key focus for Parseq will be growing the company’s mobile banking business. IE’s mobile banking solution already has a long track record of delivering secure applications to financial services clients. The additional outsourcing services provided by Documetric means that Parseq will be able to provide a fully-managed mobile banking solution to financial institutions, including call centre support for banks’ customers. This will allow financial institutions to rapidly deploy mobile banking alongside more established channels without having to build up internal capability.

Rami Cassis, Documetric’s former chief executive officer (CEO), will head Parseq. Cassis and Phillip Blundell, IE’s CEO, will lead the company integration strategy and develop a programme to share intellectual property and expertise within Parseq.

Cassis said: “In a nutshell, uniting Documetric and IE provides us with a complete end-to-end offering for the financial services market. Parseq will offer expertise and established product infrastructures to companies that want to outsource the management of multiple, complementary channels from mobile and telephone, to online transaction support services. Our increased scale will enable us to offer complementary front-office capabilities in mobile and online banking with middle and back office delivery.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi