Irrespective of the size of the organization, any banking institution looks for a platform that is parallel to their requirements, especially in this age of interconnected systems. And in this digital environment, Fiserv is uniquely bringing innovations to help banks succeed, while keeping pace with consumers’ evolving requirements. “Underlying our drive for innovation is a desire to create value by enabling faster time to market so we can bring the latest capabilities to our clients to serve their customers more quickly while serving as a catalyst to move the industry forward,” says Jeffery Yabuki, President and CEO, Fiserv. The company’s ground breaking banking platforms create efficiencies by improving banking operations.
Fiserv’s brings bank platforms that are available for in-house or outsourced processing, which are all developed with a deep understanding of the banking operations at each level. Each of these platforms has a rich combination of features and services to match the unique needs of the organizations. The company’s platforms—Cleartouch, DNA, Precision, Premier, and Signature empowers banks to efficiently manage a wide range of activities that include account opening, deposits, withdrawals, loans, customer information management, and general ledger and accounting tasks.
Our clients look to us to keep everything working together, delivering a high-performing, secure and consistent user experience
Fiserv also extends an Enterprise Services Framework that enable banks with standards-based, state-of-the-art integration with both Fiserv best-in-class and third-party solutions, using which banks can create comprehensive solution to meet their needs. In an instance, when Forreston State Bank merged with Kent Bank, Forreston administrators wanted to reduce operational redundancies. Forreston State Bank needed a solution to help run its processes while limiting duplication with its merging counterpart. Forreston State Bank implemented Fiserv’s Precision platfoprm, which outsourced account processing, helping them streamline processes and reduce redundancies between the two organizations.
Fiserv ensures that banks’ key functions, including deposits, loans, customer information, general ledger and accounting are completely integrated. According to Yabuki, a large part of the company’s mission is to enable the clients to deliver financial technology solutions and customer experiences that enhance differentiation and build their businesses.