TCF selects Goldleaf branch deposit automation technology

Source: Goldleaf Financial Solutions

Goldleaf Financial Solutions (NasdaqGM:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that TCF Bank, a subsidiary of Minnesota-based TCF Financial Corporation (``TCF'') (NYSE:TCB), has selected its Sierra Xpedite Back Counter solution.

TCF's selection of Sierra Xpedite Back Counter will help accelerate the bank's initiatives to reduce check processing infrastructure and processing costs and achieve greater efficiencies through image-based transaction processing.

With a retail and commercial branch network spread across seven states, bank executives saw the move to straight through image-based transaction processing as a strategic imperative. The implementation of Sierra Xpedite Back Counter was chosen as a first step to moving forward with check truncation within its branches while complementing its enterprise level strategy, which includes branch front counter capture in the future. Additionally, the solution will facilitate the closing of multiple regional processing centers, providing a tremendous opportunity for the bank to significantly lower its operations costs and transportation expenses.

"Selecting Goldleaf is reflective of our mission to engage a partner that can help us execute a long-term strategy that will allow our bank to deploy image capture across our enterprise," said Jim LaPlante, executive vice president of Operations for TCF Bank. "With so many geographically diverse branches, we really focused on where the business case was the strongest for us. Reduction in courier costs, elimination of equipment and maintenance costs and the ability to improve float are all immediate benefits from back counter capture. But it also gives us the opportunity to transition seamlessly to front counter in the future, which is a very compelling value proposition."

According to bank executives, the selection of Goldleaf was based on the company's strong references and existing implementations with large financial institutions. Goldleaf's deployment experience and proven scalability enables the bank to minimize time-to-market while also providing best practice scenarios to eliminate mistakes along the way. Goldleaf's solution also supports region by region deployment strategies, along with options for capture only and capture correct and balance workflows, giving the bank the flexibility to determine the best way to rollout the solution to its branches.

Lynn Boggs, CEO of Goldleaf Financial Solutions, commented, "As evidenced by our foothold in the market, Goldleaf is a clear leader in the deployment of branch deposit automation solutions. Goldleaf believes in working in partnership with our customers, finding the best solutions that accommodate their unique needs. We are excited about the opportunity to add TCF to our growing list of enterprise customers and work with the bank to advance its initiatives to reduce costs and improve efficiencies in a meaningful way through our solutions."

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