US-based First National Banker's Bank (FNBB) has selected the Fundtech Banker cash management solution as the foundation of its new intranet for customer banks.
FNBB provides white label correspondent services to community banks. The Fundtech system will allow its customer banks to receive previous day and intraday balance information, initiate automated clearing house (ACH) transactions and wire transfers, receive incoming ACH files, transfer funds between accounts, and send and receive electronic messages via the Internet.
The system will also automate FNBB's processing of data and transaction files for its customer banks.
Joseph Quinlan, chairman, president and CEO, FNBB, says: "The browser technology and back-office automation it provides will result in much greater efficiencies for FNBB."