Millennium bcp (Banco Comercial Portugues), the largest Portuguese private bank, recently renewed its longstanding partnership with the CBS Worldwide unit of Fiserv, Inc. (Nasdaq:FISV) by signing a three-year extension.
The amount of the transaction was not disclosed.
Millennium bcp, which has been a Fiserv customer for more than seven years, uses Fiserv's ICBS core and front-end systems for processing and customer servicing. Under the agreement, Fiserv CBS Worldwide will provide Millennium bcp with software updates and services to support the group's operations internationally in Portugal, France, Poland, Turkey, the United Kingdom, Angola, Mozambique, Macau, Canada, the United States and Greece.
"Combining the right technology with the highest levels of professional service provided by Fiserv CBS is the only way to stay competitive in this industry. We know we can stay ahead with the solutions that Fiserv provides," said Francisco Salema Garcao of Millennium bcp from the bank's headquarters in Lisbon, Portugal.
John Bower, managing director, Fiserv Europe Ltd., said, "We are pleased to have the opportunity to contribute to Millennium bcp's strategy by enhancing their operating efficiency and helping them to maintain their position as the standard in state-of-the-art technology. We will continue to develop leading-edge solutions that enable Millennium bcp and our other global clients to launch innovative products and services."