Delaware-based Juniper Bank is to implement i-flex solutions' flagship core banking product Flexcube for its deposit and loans processing.
I-flex says the bank expects to halve its operating costs by replacing its current integrated core processing system with Flexcube.
Juniper plans to deploy the deposits, collections and payments modules from Flexcube as well as electronic messaging system, ACH interface and standard reporting data dictionary.
Jeffrey Milne, chief technology officer, Juniper Bank says: "Flexcube's modular architecture offers Juniper Bank the option to pick and choose any relevant combination of services depending on its current business priorities."
The vendor will also provide the bank with implementation services.