Welch State Bank has signed a long-term agreement for Precision from
Fiserv, opting for the inherent efficiencies of a platform built using
a relational database
Precision and integrated Fiserv solutions automate common processes -
enhancing efficiency, enabling a better customer and employee
experience, and supporting growth
Move to Fiserv minimizes number of technology vendors and time spent
managing vendor relationships so bank can focus on delivering
financial services that keep pace with the speed of life
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, announced today that Welch State Bank, a $227
million asset financial institution based in Welch, Oklahoma, has
selected the Precision® core account processing platform and
a host of integrated solutions from Fiserv. Executives at the bank
conducted their search for a new account processing platform with a goal
of reducing manual processes, minimizing the number of technology
vendors and enabling a better customer and employee experience. The
platform also needed to be able to support the bank's continued growth.
"Our top priority was to improve operating efficiency while delivering
the capabilities and service our customers expect," said Jay Victor,
senior vice president and chief information officer, Welch State Bank.
"Precision provides the system integration we need to achieve the
efficiency we desire without compromising service."
As Welch State bank has grown in recent years, the organization has
added employees. The bank anticipates that the efficiencies gained from
its move to Precision and other Fiserv solutions will support continued
growth while stabilizing staffing levels. Leaders at the bank were
particularly drawn to Precision because it is built using a relational
database, citing the inherent flexibility and efficiency as one reason
for signing a long-term agreement for the solution. The relational
database makes it easy for employees to find the information they need
and to effectively track and manage customer relationships.
In addition to Precision, Welch State Bank has chosen the Source Capture
Solutions® portfolio of offerings to enable image capture of
items presented in the branch, at merchant locations and through mobile
devices, delivering capabilities that are in step with the way people
live and work today. The bank will use Director® for
enterprise content management with a single archive for reports, checks
and documents, as well as electronic fund transfer services and card
services from Fiserv. Long term, the bank looks to continue adding
Fiserv solutions to the mix.
"Welch State Bank recognizes the strong connection between streamlined
operations and a better customer experience. Fiserv is partnering with
the bank to give its staff the tools they need to put customers first -
providing banking services that meet the growing expectations for speed
and convenience," said Teri Carstensen, president, Bank Solutions,
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at TheSpeedofLife.com.
Fiserv, Inc. (NASDAQ:FISV) enables clients to achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
business insights and optimization. For more than 30 years, Fiserv has
been a global leader in financial services technology. Fiserv is a
FORTUNE 500 company and this year was honored to be named a FORTUNE
magazine's World'sMost Admired Company for the third consecutive year.
In 2015 the company was recognized among Forbes magazine's America's
Best Employers. For more information, visit Fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160620005708/en/
Director, Public Relations
Director, Corporate Communications
Source: Fiserv, Inc.
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