Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that PyraMax Bank has converted to Metavante's Integrated Banking Solution for fully outsourced banking technology services.
"In order to grow our bank, we have extended beyond our traditional thrift foundation into a full-service bank, with a complement of small business and commercial offerings," said Richard Hurd, chief operating officer, PyraMax Bank. "Metavante's platform positions us to provide more robust products and services to grow our business. And, throughout the conversion process, we've been able to review business processes and workflows in order to better serve our existing clients."
Metavante provides PyraMax Bank with a comprehensive suite of banking and payment technology services through a long-term outsourcing agreement, including core account processing, integrated delivery channel support, such as branch, teller, VRU, and electronic banking, marketing and business analytics, and electronic funds transfer and card services.
"The depth and breadth of our Intergrated Banking Solution makes Metavante a provider who can support PyraMax Bank's current and future business strategies," said Paul Danola, president and chief operating officer, Metavante Financial Services Group. "Metavante and PyraMax Bank share a client-centric culture, which has made for an easy partnership. Whether it's our extensive network of client user groups, or the most basic communication of regular product release updates, our goal is to put our clients at the center of our mission, vision and values."