Innovative Bank will convert to the system in October 2006, operating through the Fiserv ITI Outsourcing data center in Chatsworth, California.
The bank says it has a portfolio of more than 12,000 small business administration loans from across the US, with new loans coming in at a rate of 400 a month. This volume requires a loan system that effectively integrates with its general ledger and other core functions.
Fiserv says its Premier software is available for both outsourced and in-house environments. It offers products for functions including internet banking, enterprise content management, executive intelligence, relationship management, branch automation and core accounting. All are available on hardware platforms.
I truly appreciate the fact that ITI has designed a totally integrated package and that we’re able to work with one vendor instead of many for the majority of our banking software needs, said Bill Demmin, Innovative Bank’s chief financial officer. Our research also shows that the ITI data center we’ll be working with is a first-class service organization. Fiserv ITI Outsourcing has six regional data centers located throughout the US.
