Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that Wauwatosa Savings Bank has chosen the Metavante Integrated Banking Solution (IBS) for fully outsourced banking technology services.
With more than $1.6 billion in assets, Wauwatosa Savings Bank is headquartered in southeastern Wisconsin.
"We selected Metavante after conducting an extensive search across all the major outsourced and in-house financial service providers. Metavante rose far above its competitors in not only understanding the needs of the aggressive bank market, but also with its innovative technology and unparalleled customer service," said Donald J. Stephens, chief executive officer, Wauwatosa Savings Bank.
Metavante will provide Wauwatosa Savings Bank with a comprehensive suite of banking and payment technology services through a long-term outsourcing agreement, including core account processing, electronic banking, consulting and professional services, item processing, and electronic funds transfer and card services.
Continued Stephens, "Another key differentiator was Metavante's consultative services that helped us identify unique opportunities to expand our small business and commercial offerings while continuing to improve operating efficiencies. No other vendor today offers this expansive blend of solutions in a flexible platform to accommodate our future growth objectives."
"This agreement is an example of how banks are looking to form strategic partnerships to support their ability to compete, grow and win in their marketplace," said Jamie Geschke, president, Metavante Banking and Trust Solutions. "Metavante will be a one-stop shop for all of Wauwatosa Savings' technology needs. Our products are tightly integrated to allow clients to service and maintain their customer relationships in the most efficient manner."