November 07, 2011 09:00 ET

Kony and CIBC Deliver New Mobile Brokerage Application

A First for a Canadian Bank, CIBC Clients Can Now Execute Trades Using an App on Their iPhone, BlackBerry, or Android Device

ORLANDO, FL--(Marketwire - Nov 7, 2011) - Kony Solutions, a mobile application platform provider, today announced it was selected by CIBC to develop and deploy its mobile brokerage app, released in July on iPhone®, BlackBerry®, and Android® devices. CIBC worked with Kony to create the innovative new CIBC Mobile Brokerage App, which offers a wide range of features to help clients stay on top of the market including real-time quotes, portfolio monitoring, and more.

"We are excited to be the first bank in Canada to deliver a mobile stock trading App to Canadian investors through our new CIBC Mobile Brokerage App," said Michael Martin, senior vice-president, Alternate Channels, CIBC. "Investors will now be able to receive market information and make trades in real-time through their mobile device, without having to get to their computer. We know from research that there is huge demand for the benefits that this app will provide. It will change the investing landscape across Canada."

The CIBC Mobile Brokerage App is available to clients using an iPhone, BlackBerry, or Android device, and offers features to meet the growing demand from Canadians to have access to their finances while on the go, including the ability to:

  • Buy and sell stocks
  • View cash and margin balances, book values, and market values for individual account holdings
  • Search for stocks
  • Transfer cash between your CIBC brokerage and bank accounts
  • View market indices, commodities and exchange rate information
  • Get quick quotes on stock prices
  • Create/modify Watch Lists for an at-a-glance view of stocks
  • View the status of your trades and cash transfers, and
  • View the transaction history for your account

Kony is a leading mobile application vendor, powering more than 70 Fortune 500 brands' mobile websites, native applications and SMS/MMS campaigns and generating more than six billion total user sessions annually. By delivering such a functionally robust and stable product, global brands entrust Kony with providing mobile presence and commerce. Uniquely, Kony starts building in key new features of new operating system versions as soon as the new SDK is released to the developer community. Kony provides an SLA that states support of new versions of an existing platform SDK within 30 days of its release to the developer community and an SLA of 90 days for completely new device and operating system releases.

"We have a breadth of experience helping financial services provide their customers with engaging mobile experiences," said Raj Koneru, Kony CEO. "In addition to providing financial companies with our open and extensible mobile platform, we also offer a customizable vertical application built on best practices, specifically for mobile financial services, providing off-the-shelf functionality that lets companies reach their customers and employees on any device, operating system or browser."

About CIBC
CIBC (NYSE: CM) (TSX: CM) is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at

About Kony Solutions
Kony enables enterprises to provide consumers and employees innovative mobile solutions on every mobile device. Leveraging the Kony "Write Once, Run Everywhere" platform, an application is defined just once, and deployed across more than 9,000 devices, 7 operating systems and multiple channels, including native applications, HTML5 and device-optimized mobile web, hybrid applications, social media applications, SMS/MMS, kiosks, and tablets. Kony's proven Write Once, Run Everywhere technology produces native code, and exposes all OS specific capabilities. Like no other, Kony future proofs applications against OS and browser updates, providing SLAs guaranteeing timely support of the newest operating systems and devices.

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