Digital Insight® Corp. (Nasdaq: DGIN), the leading online banking provider, today announced the addition of two leading financial institutions to its client base: Berkshire Bank and The Columbia Bank. The new agreements further indicate a trend in this market segment towards outsourcing. The banks combined represent $2.3 billion in assets.
Berkshire Bank, with approximately $1.2 billion in assets and more than 87,000 customers, is one of Massachusetts' oldest and largest independent banks, and the largest banking institution based in Western Massachusetts. Berkshire will soon offer its customers a variety of Digital Insight's online financial services, including AXIS® Internet Banking, AXIS Bill Payment, Online Statements, and Check Imaging. Berkshire will also offer free Bill Payment to all its online banking customers.
The Columbia Bank, based in Maryland, has approximately $1.1 billion in assets and 42,000 potential end users. Columbia will be converting from a competing outsourced solution, and will offer Internet Banking, Bill Payment and AXIS Cash Management solutions to its retail and business customers. Columbia initially selected Digital Insight because of its robust Cash Management offering, but then quickly became impressed with the Internet Banking and Bill Payment products.
"These financial institutions recognize the critical importance of driving business to the online channel," said Jeff Stiefler, chairman, president and CEO of Digital Insight. "They chose to partner with Digital Insight because they concluded that our best-of-breed products, operations, infrastructure and adoption support programs could best help them achieve their goals."