BancorpSouth units deploy BankBroker software

Source: BankBroker

Landmark Technology Partners today announced that two subsidiaries of BancorpSouth, (NYSE: BXS) have deployed BankBroker, Landmark's breakthrough sales, servicing and processing software.

Landmark has completed the first phase of a multi-phase implementation for BancorpSouth Investments Service Inc. and BancorpSouth Insurance Services Inc. and the product is in use by the sales professionals and client managers in these groups.

BankBroker, a cutting-edge data aggregation solution, is an internet-deployed software product built with enterprise technology components. BankBroker integrates front-office, middle-office and back-office functions, including sales, servicing, processing and administration into one collaborative system. The solution allows investments personnel to identify sales opportunities by providing an integrated snapshot of all client/prospect financial data and transaction history.

Specific features of the BancorpSouth implementation include:
  • Contact and Account Aggregation
  • Activity Management
  • Electronic Account Opening
  • Workflow Processing (including Electronic Forms)
  • Straight-Thru Processing
  • Commission Processing

Michelle Fridge, First Vice President, said "Landmark's solution provides BancorpSouth with state of the art automation technology that will allow us to scale our business rapidly going forward with minimal back office staffing requirements. This is in addition to the enhanced relationship management features that will aid our sales team and the surveillance tools needed to automate time consuming compliance responsibilities. The outstanding processing capabilities of the BankBroker product led us to choose Landmark for these services."

Robert McGill, CEO of Landmark Technologies said "We are pleased to have BancorpSouth as a flagship client and partner. We believe our solution, which streamlines processes and operations, will contribute to BancorpSouth's continued growth and success."

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