Curacao's PSB Bank N.V. Selects Fiserv for Account Processing, Channel and Risk Management Solutions
o One hundred and six year-old Curacao-based bank has selected the Signature bank platform from Fiserv for account processing
o PSB Bank sought a technology partner that was proven and innovative to help them achieve growth and improve time to market for customer products
o Implementation to include account processing, fraud risk management and branch and channel solutions for a complete package
Brookfield, Wis. - Fiserv, 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(TM) and Teller for Signature(TM) for its branch platform and integrated channel management, as well as AML Manager and Fraud Risk Manager(TM) 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.
Additional Resources:
o PSB Bank - www.psbbanknv.com
o Signature from Fiserv - www.signature.fiserv.com
o Aperio from Fiserv - http://signature.fiserv.com/en/fiserv_aperio
About Fiserv
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.
For more information contact:
Media Relations:
Julie Smith
Public Relations Manager
Fiserv, Inc.
+1 412-577-3341
julie.smith@fiserv.com
Additional Contact:
Carol Cowan
VP Product Management and Marketing
Bank Solutions
Fiserv, Inc.
+1 407-514-1146
carol.cowan@fiserv.com
