Source: Digital Insight
Digital Insight Corp. (Nasdaq: DGIN), the leading online banking provider, announced today that it has renewed and expanded its strategic partnership with BISYS (NYSE: BSG), a leading provider of outsourcing solutions for the financial services sector.
Under terms of the multi-year agreement, BISYS will offer Digital Insight's integrated, multi-channel loan origination system, DeskTopLender Premium, and Digital Insight's licensed/hosted Corporate Banking modules to its regional and community bank clients.
Digital Insight's consumer Internet Banking and Business Banking ASP solutions have been exclusively endorsed by BISYS for their bank clients since 1998. In 2002, the companies partnered to offer Digital Insight's Lender Solutions to BISYS bank clients.
The expanded agreement enables BISYS to resell Digital Insight's latest addition to its Lender Solutions, DeskTopLender Premium, an end-to-end loan origination system. DeskTopLender Premium provides financial institutions the ability to automate underwriting decisions, streamline front and back office processes and reduce processing costs.
Through Digital Insight's Corporate Banking modules, BISYS client banks can offer sophisticated corporate customers enhanced online banking services, including a complete range of cash management, electronic report delivery, foreign exchange trade, and transaction initiation feature functions. Leveraging these advanced online capabilities will enable BISYS client banks to better serve, retain, and grow their corporate client bases.
BISYS Information Services President Bill Neville said, "Our partnership with Digital Insight is based on a shared commitment to help banks achieve higher returns from their internet channels. By expanding this partnership, BISYS is able to deliver stronger online capabilities and potentially improved business benefits to our clients. Digital Insight's best-of-breed solutions continue to provide a cost-efficient method to increase fee-based revenues and market share via the online channel. Throughout our relationship with Digital Insight, our clients have not only grown their businesses but have also positioned themselves favorably among the competition. We are pleased to further strengthen our relationship with Digital Insight, and we anticipate continuing growth and profitability for our client banks."
"That a prominent core processor such as BISYS chose to renew and expand its partnership with Digital Insight is testament to our ability to provide regional and community banks with the technological tools they need to compete for and win market share," said Digital Insight Chairman, President and CEO, Jeff Stiefler. "Working with BISYS for more than seven years, we have built a successful distribution model that enables us to leverage our capabilities for the benefit of our mutual clients. We remain enthusiastic about our business alliance with BISYS and are committed to helping its client banks grow their businesses."