Cathay Bank chooses VSoft cheque processing tech
VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Cathay Bank selected its Software as a Service (SaaS) delivery model for its suite of check processing, document and reporting solutions.
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Cathay Bank is one of the oldest chinese-american banks in the United States, with branches spanning the nation as well as an international presence in the Asia-Pacific Rim.
Cathay Bank has leveraged VSoft's outsourced item processing platform for five years and decided to migrate to the company's new SaaS platform to take advantage of all the functionality offered by a full in-house deployment while also gaining more control over the full end-to-end processing flow through VSoft's data center, VSoft Managed Services.
"Through our continuous efforts to provide our customers with the best possible service, we performed an extensive analysis among the leading providers in the industry. We believe VSoft's SaaS Model can provide the best solution to meet our particular short and long-term strategic goals," said Bob Romero, senior vice president and chief information officer of Cathay Bank.
"Our SaaS platform further demonstrates VSoft's commitment to meeting the payments needs for financial institutions of all size," said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. "Cathay Bank realizes the true benefits that it has to offer and can have all the control they need without a hefty investment in infrastructure or ongoing maintenance requirements."