- Bank launches first savings product using Signature from Fiserv
- Tesco Bank is the UK's largest supermarket bank with 6.5 million customer accounts
- Fiserv technology will provide the foundation of account information and banking transactions for Tesco Bank customers across all delivery channels
BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Tesco Bank is now live on the Signature™ bank platform. Tesco Bank launched its first product, the Tesco Bank Fixed Rate Saver, on the Fiserv platform on October 6, 2010. The Tesco Bank Fixed Rate Saver offers a competitive rate of return for a fixed term deposit of one or two years.
Tesco Bank is the UK's largest supermarket bank with 6.5 million customer accounts. Tesco Bank announced its selection of Fiserv in November 2009 based on its ability to provide an innovative, end-to-end banking solution that is proven in markets around the world.
In addition to the Signature account processing and servicing platform, the strategic implementation from Fiserv for Tesco Bank will introduce enhancements in online banking with Corillian® Online and customer interaction and campaign management with Aperio™. Additional Fiserv solutions are also being provided to the bank in the areas of financial crime prevention, reconciliation management, and electronic document management solutions.
"In working with Tesco Bank, we can see that they are visionary in their plans to align business processes, IT, data and analytics and service delivery," said
Tony Catalfano, division president, Bank Solutions, Fiserv. "By choosing Fiserv as its technology provider, Tesco Bank benefits from a secure, reliable environment, operating on a service-oriented architecture (SOA) model to deliver new and existing solutions enterprise-wide. Our solutions can be readily integrated, speeding implementation and giving maximum flexibility to meet the needs of Tesco Bank's customer-focused business model."
Additional Resources:
About Tesco Bank
- Tesco Bank is the UK's largest supermarket bank. Since our launch in 1997, we have grown to have 6.5 million customer accounts across 28 financial products and services.
- Our principal activities are: general insurance - motor, home, pet and travel; credit cards and personal loans; personal savings; Tesco Compare and a network of cash machines (ATMs).
- We sell our products through multiple channels including in-store, by telephone and online.
- Tesco Bank is fully-owned by Tesco plc.
- Tesco Bank is the trading name of Tesco Personal Finance plc, Registered in Scotland No. 173199.
- Registered Address: Interpoint Building, 22 Haymarket Yards, Edinburgh, EH12 5BH
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visit www.fiserv.com.
Media Relations:
Wade Coleman
Director, Public Relations
Fiserv, Inc.
+1 678-375-1210
wade.coleman@fiserv.com
or
Additional Fiserv Contact:
Carol Cowan
VP Product Management and Marketing
Bank Solutions
Fiserv, Inc.
+1 407-514-1146
carol.cowan@fiserv.com
or
Additional Contact:
Sally Yates
Account Director
Metia
+44 7775 707477
sally.yates@metia.com
Source: Fiserv, Inc.
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