Sovereign Bank moves to P&H Solutions Enterprise Business Banking Platform

Source: P&H Solutions

P&H Solutions, the leader in providing business banking solutions to financial institutions throughout North America, and Sovereign Bank (NYSE:SOV), with over $60 billion in assets and operations in seven states throughout the Northeast, announced today they have teamed up to provide the most innovative business banking system in the industry.

From a single business banking platform, Sovereign business customers of all sizes – from single person companies to multi-national corporations – will soon be able to access a wide variety of banking products and services on a 24x7 basis. This single platform approach represents a radical departure from the multi-system business banking options at most institutions.

"Having a single platform upon which to deliver our industry-leading banking products and services gives us a distinct advantage in attracting and retaining business banking customers," said Marshall Soura, Executive Vice President and Managing Director of the Global Solutions Group, Sovereign Bank. "Most banks offer small businesses only slightly enhanced versions of their consumer home banking products. With the P&H platform, Sovereign will be able to provide all business customers with a full range of sophisticated financial services and tools with a consistent and intuitive user interface."

"Sovereign Bank and P&H have partnered to provide a wide range of internet banking services to all of Sovereign's business banking customers through our Outsource Solution Center," said Ralph Dangelmaier, President of P&H Solutions. "We are delighted that Sovereign has embraced our Enterprise Business Banking Platform approach as the backbone of their business banking operations. This is clearly the wave of the future. We look forward to a long and prosperous relationship with Sovereign, helping them provide exemplary customer service to hundreds of thousands of business customers."

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