Compushare, a provider of security and compliance solutions for community financial institutions, has been selected by two de novo banks in New York to provide information technology solutions.
CheckSpring (In Organization), located in the Bronx, and United International Bank (In Organization), located in Manhattan, both selected Compushare to provide the design and integration of their information technology infrastructure, including hardware and software. Additionally, CheckSpring (In Organization) is implementing Compushare's online data storage and protection solution. Both banks signed on with Compushare in November.
"Our philosophy, as a de novo bank, is to create an extensible and flexible infrastructure that will allow us to be small at the beginning and grow the system elements without ballooning personnel," said Jeremy Wine, director of IT of CheckSpring Community Corporation, the bank's future holding company. "We are in the enviable position where we have no legacy equipment or processes, so we can anticipate the bank's operational future and, from a design and capacity perspective, do it right at the outset. After exhaustive due diligence, we found in Compushare a vendor with a robust start-to-finish game plan and a proven track record with community financial institutions; most importantly, however, Compushare was willing to tailor their approach to our model instead of trying to impose upon us what they have always done in the past."
Compushare's service offerings for de novo banks start with its consulting service that helps the bank determine which technology solutions are required and which vendor's solution is suitable for that bank's specific needs. By focusing on this "best-of-breed" approach, banks have the advantage of selecting the best solution for each specific need.
Compushare's integration service manages the implementation and integration of the myriad technology solutions that the de novo bank selects. The firm's support service provides proactive and reactive maintenance, patch management, monitoring and help desk services.
"Because we have gone through the process of designing and integrating networks for dozens of de novo banks across the country, our engineers are especially in tune to the unique needs of new banks," said Romir Bosu, president and CEO of Compushare. "Our best-of-breed approach enables de novo banks to gain a competitive advantage from day one by focusing on efficiency, helping to achieve profitability much quicker. Our ongoing, outsourced support model eliminates the need for significant in-house IT resources, further assisting new institutions in meeting their goals."