Dovetail payment solution selected by the bank supports SWIFT,
Target2, and SEPA credit transfers
LONDON & BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that one of the Mediterranean
region's most innovative banks, Hellenic Bank, has selected Fiserv to
help further the bank's digital transformation through a new payments
Hellenic Bank will implement the Dovetail payment solution from Fiserv
as part of their overarching digitalization strategy. It will enable
them, as a systemically important bank in a growing economy, to offer
new products and services more quickly to an expanding client base and
to deliver on the bank's vision of being seen as a trusted innovative
partner that provides excellent service and understandable products.
"To build on our position as a modern and innovative bank, we needed a
proven payments platform that could not only address our immediate
needs, including the optimization of our payments processes and
resources, but also our future payment initiatives," said Phivos
Leontiou, Head Group Operations, Hellenic Bank. "Fiserv is the right
choice given their best-in-class solutions, track record of delivery
excellence and long-term partnership approach."
"Banks across Europe are in a race to modernize to keep pace with
changing market needs and customer demands," said Martin Coen, senior
vice president, Billing and Payments Group, Fiserv. "The Dovetail
payment solution will provide Hellenic Bank with the agility and
flexibility required to enhance customer offerings, enabling them to add
new functionalities as the market evolves, while ensuring the
operational resilience essential for payments."
The Dovetail payment solution is a single comprehensive platform that
can be used to process a broad range of payment types. The solution
supports immediate settlement, deferred settlement, and instant payment
types as well as SWIFT and ISO 20022 messaging. Its modular architecture
allows financial institutions to build progressively from legacy systems
to a fully digital future. The solution is offered by Fiserv as a result
of its recent acquisition of Dovetail Group Limited.
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at fiserv.com.
About Hellenic Bank
Hellenic Bank is one of the leading financial institutions in Cyprus and
one of the systemic banks directly supervised by ECB, providing
Businesses and Financial Institutions with a full spectrum of banking
products and services. Hellenic Bank is currently at the forefront of
financing the recovery and transformation of the island's most important
industries and is regarded as Cyprus's key agent capitalizing on its
high liquidity levels.
The Bank's success is based on the customer-centric service provided by
its staff, the wide range of products and services it offers and the use
of advanced information and control systems. Simultaneously it is
jumping the innovation queue and leading the way in technological
transformation and banking digitalization.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine
World's Most Admired Companies® for four consecutive years,
ranking first in its category for innovation in 2016 and 2017. For more
information, visit fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171025005404/en/
Director, Public Relations
Dovetail now part of Fiserv
Source: Fiserv, Inc.
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