Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that New Traditions National Bank has selected Metavante Corporation as its core processing solution provider.
Located in Orlando, Fla., New Traditions National Bank is a de novo bank that provides personal and business loans with a focus on serving the community's small and medium-sized commercial business customers.
As part of the long-term agreement, New Traditions National Bank will be deploying Metavante's hosted Bankway core processing software. Through the hosted Bankway solution, Metavante will help the bank to focus time and attention on serving its customers and growing the bank, eliminating the need, expense and physical space requirements of running an in-house data processing department.
In addition to core processing, Metavante's solution will provide New Traditions National Bank with several other products and services, including image exchange, merchant capture, electronic funds transfer and card, ATM, mobile banking, risk and compliance, marketing support, e-mail hosting and participation in the NYCE Network.
"The driving factor in our selection of Metavante was its ability to offer a 'one-stop-shop.' Metavante's powerful family of integrated solutions provides us with the tools that enable us to contend with larger competitors," said David Dotherow, president and chief executive officer, New Traditions National Bank. "The easy access to customized system reports and electronically delivered information supports our capacity to concentrate on our customers, providing them with personalized, attentive service."
Bankway software is a comprehensive core banking package that uses a single-system, customer-centric architecture. It offers financial institutions an expanded core processing solution with the advantage of strategically organized customer service tools.
"Metavante's solutions are integrated to provide our clients with extensive, user-friendly technology to help them better serve their customers," said Rachel Landrum, president, Metavante Banking Solutions - Bankway. "The Bankway solution makes customer data and account processes more visible, accessible and manageable, helping financial institutions like New Traditions National Bank to drive growth and revenue with greater certainty in a constantly changing market."