Fiserv (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that PSB Bank N.V. in Curacao has selected the Signature bank platform from Fiserv for account processing.
The bank also selected Fiserv solutions Aperio and Teller for Signature for its branch platform and integrated channel management, as well as AML Manager and Fraud Risk Manager for risk mitigation. In a competitive selection process, PSB Bank chose Fiserv due to its proven, global implementations and ability to provide leading, integrated channel solutions.
Founded more than 100 years ago, PSB Bank is a fully government-owned financial institution with over 25,000 customers and $150 million in assets. The bank is currently growing in size after obtaining a public license for full service banking. PSB Bank has a strong socially oriented and community development-focused mission. With technology from Fiserv, the bank plans to expand service to customers with new product offerings previously unavailable on its existing platform. In addition, the bank serves other government entities, such as the local power provider, for which Fiserv provides the technology to meet treasury and cash management needs.
"In seeking a new technology provider, we wanted to partner with a company that could lead us into the future. Fiserv has the tools we need to bring new products to market and do so in rapid timeframe," said Daniel Hodge, managing director, PSB Bank. "We have many retail accounts, and are also expanding as a commercial bank, providing banking services for large and small businesses. As we expand, the digital transformation Fiserv will put into place can give us a competitive edge in the market."
Fiserv will deliver specialized branch platform tools through its Teller and Aperio solutions to identify market and customer opportunities for PSB Bank. Integration across delivery channels will optimize sales resources and marketing campaigns enterprise-wide to enhance the customer experience and make every interaction count.
"PSB Bank joins a growing list of banks that value and choose Fiserv for our experience in delivering scalable, flexible solutions to financial institutions around the world. Fiserv operates on a service-oriented architecture (SOA) model that delivers a winning combination of integrated products and services," said Rene Salazar, managing director for Latin America, the Caribbean and Canada, Bank Solutions, Fiserv. "Signature provides an integrated infrastructure that leverages assets of the bank and Fiserv to improve operations and expand services to include next generation online and mobile solutions."