Curacao's PSB Bank N.V. Selects Fiserv for Account Processing, Channel and Risk Management Solutions
One hundred and six year-old Curacao-based bank has selected the
Signature bank platform from Fiserv for account processing
PSB Bank sought a technology partner that was proven and innovative to
help them achieve growth and improve time to market for customer
Implementation to include account processing, fraud risk management
and branch and channel solutions for a complete package
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that PSB Bank N.V. in Curacao has
selected the Signature® bank platform from Fiserv for account
processing. The bank also selected Fiserv solutions Aperio™ and Teller
for Signature™ for its branch platform and integrated channel
management, as well as AML Manager and Fraud Risk Manager™ for risk
mitigation. In a competitive selection process, PSB Bank chose Fiserv
due to its proven, global implementations and ability to provide
leading, integrated channel solutions.
Founded more than 100 years ago, PSB Bank is a fully government-owned
financial institution with over 25,000 customers and $150 million in
assets. The bank is currently growing in size after obtaining a public
license for full service banking. PSB Bank has a strong socially
oriented and community development-focused mission. With technology from
Fiserv, the bank plans to expand service to customers with new product
offerings previously unavailable on its existing platform. In addition,
the bank serves other government entities, such as the local power
provider, for which Fiserv provides the technology to meet treasury and
cash management needs.
"In seeking a new technology provider, we wanted to partner with a
company that could lead us into the future. Fiserv has the tools we need
to bring new products to market and do so in rapid timeframe," said
Daniel Hodge, managing director, PSB Bank. "We have many retail
accounts, and are also expanding as a commercial bank, providing banking
services for large and small businesses. As we expand, the digital
transformation Fiserv will put into place can give us a competitive edge
in the market."
Fiserv will deliver specialized branch platform tools through its Teller
and Aperio solutions to identify market and customer
opportunities for PSB Bank. Integration across delivery channels will
optimize sales resources and marketing campaigns enterprise-wide to
enhance the customer experience and make every interaction count.
"PSB Bank joins a growing list of banks that value and choose Fiserv for
our experience in delivering scalable, flexible solutions to financial
institutions around the world. Fiserv operates on a service-oriented
architecture (SOA) model that delivers a winning combination of
integrated products and services," said Rene Salazar, managing director
for Latin America, the Caribbean and Canada, Bank Solutions, Fiserv.
"Signature provides an integrated infrastructure that leverages assets
of the bank and Fiserv to improve operations and expand services to
include next generation online and mobile solutions."
Signature from Fiserv is a real-time, multi-lingual, multi-currency,
integrated core processing solution for global financial institutions
supporting a wide range of deposit and lending products. Benchmarked to
80 million accounts, Signature is a strong solution for mid-size to
large financial institutions in multiple geographies and is recognized
by Gartner as a Leader in the Gartner Magic Quadrant for International
Core Retail Banking.
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
Public Relations Manager
VP Product Management and Marketing
Source: Fiserv, Inc.
News Provided by Acquire Media
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