Market Overview

Kony Named Gold Partner by the National Association of Credit Union Services Organizations

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Kony,
Inc.
, a leading provider of digital banking solutions, today
announced it has been accepted as a Gold Partner by the National
Association of Credit Union Services Organizations (NACUSO),
the only trade association for the Credit Union Service Organization
(CUSO) movement. As a Gold Partner member, Kony's digital banking
division Kony
DBX
will support NACUSO's mission "To be the catalyst for
instituting collaboration, innovation, and the reinvention of the Credit
Union industry."

"We are thrilled to welcome our new Gold Partner Kony DBX to the NACUSO
family," said Jack Antonini, president and CEO of NACUSO. "Kony has a
strong track record of helping credit unions successfully deliver
innovative digital banking solutions to meet the ever changing needs of
its members. It's industry leading companies like Kony that help us to
continue to support the credit union movement with quality education,
ongoing advocacy and fostering innovation and collaboration through
CUSOs."

"With the dramatic impact of digital banking trends hitting the
financial services sector, the credit union industry is facing one of
the most disruptive shifts in its history," said Jeffery Kendall, senior
vice president and general manager, Kony DBX. "We are committed to
supporting and helping NACUSO fulfill its mission to preserve the value
of the credit union industry, and fostering increased collaboration and
innovation within this industry."

To empower credit unions with the opportunity to innovate and take
advantage of digital trends that are impacting the industry, Kony
DBX
 provides digital banking solutions that are specifically
tailored to meet the needs of the banks and the credit union industry. Kony
DBX
 represents a major advancement in digital technology to help
banks and credit unions deliver frictionless experiences to customers
across every point of interaction. Kony is the first vendor to provide
pre-built, native and web apps along with a purpose-built digital
banking platform for financial institutions. The Kony DBX platform
builds on Kony's digital expertise in multiple industries, with advanced
technology solutions supported by an expansive partner network.

Kony has been named a "Leader" among the top Digital Experience
Development Platforms vendors in The Forrester Wave™: Digital
Experience Development Platform, Q2 2018 report
. Kony
has also been recognized as a "Leader" in the IDC
MarketScape: 2017 North American Mobile Banking and Payments report
,
with the highest rating for Mobile Banking capabilities, and it is a Callahan's
2018 Innovation Series winner
. In addition, Kony earned two top
honors at the American
Banker Digital Banking 2018
 event: Runner Up for Best in Show and
People's Choice.

About NACUSO

The National Association of Credit Union Service Organizations was
formed in 1984 to help credit unions explore the use of CUSOs and the
delivery of non-traditional products and services. Over the years,
NACUSO's focus has evolved to helping credit unions form multi-owned
CUSOs and participate in collaboration and the cooperative business
model, as well as advocating a regulatory climate that is conducive to
collaboration and utilizing CUSOs for the benefit of credit union
members.

About Kony, Inc.

Kony is
the fastest growing, cloud-based digital application and low-code
platform solutions company, and a recognized industry leader among low
code and mobile application development platform (MADP)
providers. Kony DBX is the banking and financial services arm of Kony,
Inc.
 and is a globally recognized leader in digital banking
transformation. With a portfolio of modern, frictionless applications
powered by the industry's most recognized platform, Kony DBX enables
banks and credit unions of any size to accelerate innovation — without
compromising what's critical.

For more information on Kony DBX and Kony DBX Retail Banking, visit Kony
DBX
or connect with Kony DBX on TwitterInstagram,
and LinkedIn.

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