BROOKFIELD, Wis. - (BUSINESS WIRE) - Information Technology, Inc. (ITI), a division of Fiserv, Inc. (Nasdaq: FISV), a leading provider of information management systems and services, has agreed with the Bank Nuestro , A de novo financial institution with a business plan, specifically on consumers and small Hispanic businesses. The Bank opened in September 2007 and has partnered with Fiserv ITI for the provision of the powerful Prime ® Core System, as they have the expanding market for its headquarters in Raleigh, North Carolina.
“The Hispanic population is growing with 20 percent a year in North Carolina,” said David Flores, President and Chief Executive Officer of Banco Nuestro, and the group’s purchasing power is in fact growing faster than the rate of Population growth. The Census Bureau estimated that by 2050 a quarter of the country’s population is Hispanic, even today, Latin entire population is heavily underbanked, “says Flores.” key to the record of their activity, the development of new ways to the bank - roads, according to the Hispanic culture, customs and ways of thinking. We understand these factors, and therefore Fiserv.
The Central Bank has seen several suppliers for a period of three months prior to the decision to ITI Prime ® and the outsourcing of services by Fiserv ITI Data Center in Atlanta. Ergonomics and a number of central functions were Banco Our choice, but she said that even more important than the software products, professional behind him.
“We wanted a program for partners who are not only understood the dynamics of the e-banking-Hispanic market, as it is today, but one who was able to see a long-term orientation of the industry is in response to its expansion. Partners We wanted a company that creates us at the forefront, and Fiserv ITI was the only person stood up and said: “We can do it,” Flores said.
Available for either external or internal, the treatment of accounts, the Prime Minister highly scalable software suite that offers products for virtually all functions, including in the field of accounting base from the banking and the Internet, Business Intelligence, risk assessment and compliance, apart Capture transactions and business process management and enterprise content management - the most popular on the market platforms for financial institutions all types and sizes.
Among the technology partners in the service of the Nation’s Community Banks, Fiserv ITI is recognized as a leader in the Hispanic thought the bank offers a range of solutions, including the Spanish language Internet and telephone software in the bank Online Branding and a Hispanic bank Toolkit People Are overview of cultural diversity and common obstacles to banking services for Hispanics, as well as products and consulting services, marketing strategies, best practices and tips .
“We were very impressed by Fiserv’s understanding of the Hispanic culture,” says Flores. Our Bank is especially happy to concentrate on the implementation of the Prime workflows and processes that housed commercial loans, since the possibilities offered by the growing number of small businesses owned by Latinos in North Carolina. Flores added ITI’s flexible, integrated software allows Banco de Nuestro collect a significant portion of the Hispanic market by granting credit to entrepreneurs with the services they need to develop their businesses.
Scalability was also a factor in the decision of Nuestro Banco to work with Fiserv ITI. The bank has an aggressive growth program to two new branches per year for the coming years, and he hoped that this project will be abandoned, as far as the banking sector dominate Hispanic throughout the south-east of USA –
“The ability of the Prime ITI’s software to grow with us and meet our needs and the needs of our customers, we will measure the success and prosperity of our Hispanic market,” says Flores.
“We estimate the Hispanic population in the United States 50 percent of all retail banking growth in 2015, but the market remains largely unbeachtete credits by banks and unions,” said Mike Young, president of Fiserv Bank & Thrift Division. “Fiserv, and continue to monitor the evolution of products and services for the Hispanic community of the bank, but it really is our commitment to this market, and the team we have assembled, for the assistance development and implementation, Fiserv, which differ from the competition. ”
About Information Technology, Inc. (ITI)
Serving more banks in the United States and savings of all other partner institutions, ITI offers various solutions to the nuclear external or internal, treatment of accounts, including Prime SOA ® and PCS Vision ™ suites. The company is highly scalable software and consulting services expanded virtually every function of the bank, including in the field of accounting basis, from the banking and the Internet, business intelligence, assessment Risk and compliance, remote capture and management of transactions, Enterprise Content Management and Business Process - all, see the industry more platforms for financial institutions of all types and sizes.
About Fiserv, Inc.
Fiserv, Inc. (Nasdaq: FISV), and a Fortune 500, business information management and electronic commerce systems and services in the areas of finance and insurance. The main services include Transaction Processing Outsourcing, electronic invoicing, payment arrangements and production, investment management solutions for Business Process Outsourcing (BPO), software and systems solutions. With its headquarters in Brookfield, Wis., the company is the leading provider of solutions for the treatment of major American banks, credit unions and thrifts. Fiserv row has been the main provider of services to the financial services industry worldwide in the years 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company has resumed the registration Free, a leading provider of e-commerce service. Fiserv reported nearly $ 4 billion in total revenue from continuing operations for 2007.