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Core Processing Solutions Other Endorsed Solutions from Fiserv:
No two financial institutions are exactly alike, but every institution in the country has a careful eye on revenue growth. Fiserv offers a selection of banking platforms, integrated surround products, and programs to help your bank analyze, align, and assess ways to reset your bottom-line expectations and generate new revenue streams. Large banks, small banks, retail banks, commercial banks and thrifts require very different system strengths and programs for growth. A typical implementation begins with the business challenges of the financial institution. A bank platform is selected based on the desired goals and IT strategy: in-house versus outsourced system delivery, out-of-the-box solution or software suite versus best-of-breed, service to a multinational market versus a niche domestic market, revenue opportunities versus expense cutting and so on. The complete solution is then purpose-built around the banking platform using an integrated portfolio of Fiserv products and services and programs that provide a roadmap to revenue expansion. Fiserv offers four individual banking platforms: Once the design phase is complete, Fiserv takes care to make the physical implementation as stress-free as possible. Project managers are selected for their experience and deep knowledge of the financial services industry. Implementation teams draw on extensive experience and proven methodologies to help the financial institution anticipate details and thoroughly plan the transition. Methodologies are in place for system change-outs, new branch start-ups and incorporation of acquired banks and programs for customer liquidity review, analytics–based loyalty programs, regulatory impact analysis and potential incremental revenue expansion.BACKGROUND Bankers are facing more stringent regulation under rules that have yet to be defined. It's clear that business models will need to be changed. Aggressive investment in more agile technology, data management and analytics, and self-service channels will be required to meet regulatory and client expectations. MARKET PROFILE Fiserv is the U.S. market leader in account processing services—38 percent of U.S. financial institutions rely on Fiserv for account processing solutions and expertise. A Fortune 500 Company, Fiserv has approximately 20,000 employees and serves more than 16,000 clients around the world. At Fiserv our core partnerships, do not end with the core. We help our clients embrace change regardless of the challenge. Whether competitive, operational or regulatory, Fiserv creates leading-edge products and services to address these challenges. In 2011, you will continue to see Fiserv take an even more comprehensive approach to revenue expansion solutions and build upon our payments technology with source capture and ATM solutions. With Fiserv banking platforms, financial institutions are able to:
Case Study: The Fauquier Bank switched core systems to Fiserv and after only 6 months has achieved significant cost savings and customer acquisition growth. The bank expects to save $1 million over the life of the contract. Download case study. Fiserv
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