Market Overview

Zenmonics Partners with People's United Bank, N.A. to Initiate Digital Transformation


Zenmonics, an IDC Fintech 100 company and global provider of an
omni-channel platform that supports financial institutions, today
announced that it has partnered with People's United Bank to transform
their branch and digital account acquisition applications.

The agreement includes the deployment of Zenmonics' channelUNITED®
Universal Account Opening and Banker Sales & Servicing modules that will
allow the bank to stay continuously engaged with its customers across
all self-service and assisted channels.

"Of the options we evaluated, we found Zenmonics' channelUNITED to be a
strong, viable omni-channel solution that allowed us to accelerate our
digital transformation," said Lee Powlus, senior executive vice
president and chief administrative officer of People's United Bank. "We
are committed to creating a high-quality, multi-dimensional service
approach, both business and personal, using technology to augment the
experience and expertise of our bankers."

channelUNITED was purpose-built as a single technology stack upon an
open banking API architecture that allows it to be fintech-friendly,
cloud-enabled and continuously innovative.

channelUNITED enhances the experience for both the customer and banker.
It is currently the only market-available solution to enable digital
transformation across all engagement points including consumer online
and mobile, banker sales, servicing, teller, account origination and

"The partnership with People's United Bank represents our strong
collaboration with the financial market to transform channel
interactions and redefine how banks can provide continuous engagement,"
said Jeff Jones, chief Operating officer at Zenmonics.

channelUNITED reduces stress, frustration and misunderstanding between
financial institutions and their customers. The platform can be deployed
incrementally across all channels to align a bank or credit union's
immediate and future needs.

Headquartered in the financial hub of Charlotte, N.C., Zenmonics is the
only company endorsed by the American Bankers Association for its
digital account opening solution. For more information, please visit

About People's United Bank

People's United Bank, N.A. is a subsidiary of People's United Financial,
Inc. (NASDAQ:PBCT), a diversified financial services company with
approximately $45 billion in assets. People's United Bank, founded in
1842, is a premier, community-based, regional bank in the Northeast
offering commercial and retail banking, as well as wealth management
services through a network of nearly 400 retail locations in
Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
To learn more, visit

About Zenmonics

Charlotte, N.C.-based Zenmonics is a global provider of omnichannel
software that supports all channels in a financial institution on a
single platform. Zenmonics' channelUNITED® platform is the
leading open standard, omnichannel platform that can be deployed with
any core system and spans all self-service and assisted channels to
enable complete digital transformation. Zenmonics is committed to
transforming the financial industry to ensure financial institutions
stay continuously engaged with their customers. To learn more, visit

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