City & Suburban Federal Savings Bank of New York has licensed COR Financial Solutions' fixed income portfolio management and accounting platform Paragon.
The bank has purchased the Paragon core system and will also be using general ledger and asset liability management interfaces.
Michael Indiveri, CFO at City & Suburban says Paragon was selected because of its mortgage-backed securities (MBS) functionality and its ability to be implemented rapidly and adapt to the bank's growing and evolving business needs.
COR Financial says the platform was installed and live at the bank in just over a month.