Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Piraeus Bank, one of Greece's leading financial institutions, is now live on Universal Banking from Fiserv at its Egypt operations.
Fully supporting the Arabic language, Universal Banking from Fiserv for Piraeus Bank in Egypt is a unique, integrated real-time solution for retail and treasury markets. Universal Banking allows large and mid-sized financial institutions to expand their range of services to corporate clients and diversify their income streams.
Piraeus Bank has more than ?65 billion in total assets and operations in 11 countries and plans to continue its expansion. Piraeus Bank announced implementation of Universal Banking in its Cyprus operations in January 2009.
"Our expansion into the Egyptian banking market depended on a robust universal banking solution. Working with Fiserv, we have created a standard blueprint to expand internationally," said Jannis Delis, group chief information officer, Piraeus Bank. "As we continue our multi-country expansion, Fiserv solutions provide us with a solid, trusted foundation and expertise in financial services."
Universal Banking from Fiserv is a production proven solution that is tightly integrated for seamless operation and scalable for future growth. Unlike other offerings in the market, it is a single source for a wide range of banking technology needs supplied by an award-winning solution provider. The Fiserv solution includes the Signature(TM) bank platform for retail and commercial banking, Treasury and Trade functionality, and branch support with Aperio(TM), the next generation solution for customer channel management, and Teller, a multi-currency, full-function, branch tellering and transaction processing solution.
"Piraeus Bank's long term plans to expand across multiple countries continues to be realized through the completion of this implementation in Egypt," said Tony Catalfano, division president, Bank Solutions, Fiserv. "Marking a milestone for the bank, as well as for Fiserv, this is Piraeus' first bank running with full Arabic language capabilities. Fiserv solutions provide the best-of-breed tecchnology necessary for financial institutions to expand their global reach."