BISYS, a leading provider of outsourcing solutions for the financial services sector, announced today that it has entered into a long-term, multiple services agreement with Illinois-based Sterling Federal Bank.
After evaluating several core processing providers, Sterling Federal Bank selected BISYS' ABA-endorsed banking platform to provide enterprise-wide information processing services and technology.
BISYS' core processing platform will support Sterling Federal Bank with a flexible, open database technology infrastructure, streamlined operations, and the advanced capabilities necessary to respond to market and consumer demands. Sterling Federal Bank will also implement several of BISYS' integrated ancillary solutions including data warehouse, Internet Banking, ATM and debit card processing, safe deposit box processing, and network services.
Rita Smith, Vice President of Sterling Federal Bank, stated, "In our search for a new provider, it was critical to find a partner that not only offered advanced technology but also fully understood our operational requirements. BISYS met both of those criteria. The platform's online real time capability as well as its integration of ancillary products made it unique among the competition. We believe the platform's flexibility will enable Sterling Federal Bank to maintain operational efficiencies as our customer base grows and keep pace with technological advancements as the industry evolves. Additionally, we were impressed with the professionalism and technological know-how of the BISYS team. Having a solid working relationship with a team that is technologically savvy is key to helping Sterling achieve its strategic goals."
According to Bill Neville, President of BISYS Information Services, "BISYS is committed to delivering innovative technology and quality services to meet the expanding requirements of community banks. We are pleased that a long-standing institution such as Sterling Federal Bank recognised this commitment. Sterling's thorough evaluation of core processing providers and visit to a BISYS client site demonstrated its dedication to finding the right partner and the right technology for the long-term. We look forward to providing the banking and business solutions required to support Sterling's ongoing growth."