BISYS today announced its multi-year, multiple services agreement with Bank of Georgetown. BISYS' ABA-endorsed banking platform and array of integrated ancillary solutions supported the Washington, D.C.-based bank's recent launch and will support its ongoing information processing needs.
Bank of Georgetown serves the commercial community of small to midsized businesses, as well as provides a full array of consumer products and services including deposits, loans, and mortgage and equity loans. BISYS' core banking platform features an open-database architecture, advanced functionality, and a comprehensive view of customer relationships – all of which were key factors in the bank's selection process. To fully leverage the core banking platform, Bank of Georgetown is implementing several of BISYS' ancillary products, including data warehousing, Internet banking, voice response, and loan origination.
Mike Fitzgerald, President and Chief Executive Officer of Bank of Georgetown, commented about the outsourcing agreement, "To ensure a successful bank launch, we sought an experienced technology partner who would be responsive to our needs. BISYS' service and support references are excellent, which demonstrates that from a service standpoint, the organization can meet our expectations. In addition, BISYS' core processing platform provides the flexibility and broad functionality necessary to support our current and future bank processing requirements. This combination of proven technological solutions, professionalism, and high-quality service makes BISYS the natural choice as our processing provider."
Bill Neville, President of BISYS Information Services, reported, "BISYS' fundamental goal is to equip institutions like Bank of Georgetown with the necessary tools to compete effectively in their markets. Having all the elements in place – from a flexible technology infrastructure to reliable service and support – is key not only to a successful launch but also to ongoing growth and profitability. The open-architecture of our solution combined with our product integration strategy enables Bank of Georgetown to offer the high-demand services its customers want and ensures it is well positioned for future service expansion. We are excited about this opportunity and look forward to great things from our partnership with this innovative bank."