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Fiserv scores Raymond James Bank contract win

19 May 2014  |  2162 views  |  0 Source: Fiserv

Fiserv (FISV), a leading global provider of financial services technology solutions, today announced that Raymond James Bank N.A., headquartered in St. Petersburg, Fla. with $11.3 billion in assets, has chosen Fiserv for an enterprise-wide banking solution.

Centered on the Signature bank platform, the total Fiserv solution set for Raymond James Bank includes Aperio for business process management, Nautilus for enterprise content management, Prologue for financial management, Corillian Online for online banking, CheckFree RXP for bill payment, and solutions for debit, ATM and item processing.

"When choosing a technology provider, we sought a partner who had the expertise and proven capabilities to support integration across our businesses and geographies - a robust system geared toward a commercially focused institution," said Darlene McConnell, executive vice president/operations, Raymond James Bank. "The flexibility and cross-channel integration provided by Fiserv will allow us to simplify our reporting across the enterprise."

Operating with eight entities split between the US and Canada, Raymond James Bank will utilize the multi-currency, reporting and general ledger capabilities from Fiserv to help automate manual processes, driving efficiency and cost savings. Raymond James Bank offers innovative and diversified banking products and services and provides commercial loans through partner financial institutions. By doing so, Raymond James Bank enables its affiliates to go beyond traditional brokerage services by offering clients not only investment products, but also a comprehensive array of personal and commercial banking services.

"Fiserv has a strong history of success partnering with innovative financial institutions like Raymond James Bank. We look forward to their continued success and helping to accelerate their growth, expand customer relationships and deliver superior financial services," said Teri Carstensen, division president, Bank Solutions, Fiserv. "Our solutions are designed to meet the needs of large, complex organizations through an integrated infrastructure that enables flexibility, efficiency and ease of use. Fiserv is seeing acceleration in our win rate for account processing solutions in the mid-tier bank market; the majority of these decisions over the last 18 months have been awarded to Fiserv."

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