Guest Post | Advt. | Query: info@techrecur.com

Mechanics Cooperative Bank chooses Finastra for core banking system


Enterprise-scale technology from Finastra will produce superior consumer experiences and transformational efficiency gains at the bank

London and New York, April 18, 2018 – Mechanics Cooperative Bank has selected the Fusion Phoenix core banking system from Finastra, as well as a full suite of ancillary offerings, to provide its new technology foundation. The solution will bring together a wide-range of proven, specialized software into a single environment that is more easily managed in the back-office, providing greater workflow and interface efficiencies for the bank’s staff, and ultimately customers.When deciding to upgrade the bank’s legacy core platform, the leadership team at Mechanics Cooperative Bank, together with management consultancy The NBS Group, LLC, sought a solution built on modern architecture that could work seamlessly across the enterprise. Using a fully open API architecture, Fusion Phoenix integrates proprietary systems and third-party solutions into a single comprehensive platform, providing all staff with improved access to customer data, and enhanced organizational efficiencies. As a result, the bank’s customers will have access to more innovative products and services, and a better overall user experience that includes consistency across bank platforms and a complete financial picture spanning a customer’s different accounts.

“By upgrading our core technology, we are making a statement to our customers and employees,” said Joseph T. Baptista Jr., President and Chief Executive Officer, Mechanics Cooperative Bank. “This is an investment in our future to provide better service and cutting-edge products that will deliver an overall better banking experience for our customers. Working with Finastra, we have selected not only a trusted partner, but a software system that will help ensure that we are meeting our customers’ needs and expectations.”

“The future of core banking technology is a true modern and open architecture that allows a bank to gain access to a functionally-rich, extensible solution and take an evolutionary approach to the deployment tied to their needs,” said Nadeem Syed, CEO, Finastra. “By selecting Finastra’s core banking platform that the bank can tailor to its needs, and which allows for easy integration with other digital platforms, Mechanics Cooperative Bank is future-proofing its infrastructure, ensuring that its customers will have access to the best banking experience possible.”

Mechanics Bank worked with The NBS Group to run its core evaluation project, provide advice on best practices, and guide them through the vendor selection process. The consultants will also be working with Mechanics and Finastra throughout the implementation.

“The banking core is the single most important technology investment a financial institution can make,” said Tom Grottke, CEO of The NBS Group. “Working together, we found that Finastra’s open, flexible platform best fit the bank’s needs, delivering optimal consumer and staff experiences, as well as the operational efficiency for growth, and ongoing innovation.”

Fusion Phoenix has been developed using only Microsoft technology. This will enable Mechanics Cooperative Bank to use commodity hardware, lowering the total cost of ownership, while also exposing the banking system to the many capabilities inherent to Microsoft technologies.


Local Insight:
“Using an open-platform core banking system, community banks can avoid the rip-and-replace cycle that formerly hindered modernization,” said Mike Dionne, Managing Director, Community Markets, Finastra. “With Fusion Phoenix, Mechanics Cooperative Bank has selected a core that will be able to continually adapt to its customers’ ever-evolving expectations.”

For further media information please contact:
Patrick Kilhaney
Public & Analyst Relations Manager, Finastra
T: 917-286-1053
E: patrick.kilhaney@finastra.com
www.finastra.com

About Finastra
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks use Finastra technology.

Please visit www.finastra.com.

Corporate headquarters
4 Kingdom Street
Paddington
London W2 6BD
United Kingdom
T +44 20 3320 5000

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

::::::::::::::::::::::::::::::::::3451:::::::::::::::::::::::::::::::::;;

::::::::::::::::::::::::::::::::::6733:::::::::::::::::::::::::::::::::;;

:::::::::::::::::::::::::::::925:::::::::::::::::::::::::::::::

TRIO STEEL IS ONE OF THE MOST TRUSTED BRAND AND LEADING EXPORTER AND SUPPLIER OF CARBON STEEL, ALLOY STEEL & STAINLESS STEEL PIPES & PIPE FITTINGS MATERIAL. Triosteel is one of the leading Suppliers and Exporters of API 5L Pipe in Singapore. Triosteel also Exports to many countries like Indonesia, Iran, Saudi Arabia & many more. An API 5L pipe is manufactured by adhering to the specifications laid down by the International Organization for Standardization (ISO) 3183.

::::::::::::::3453:::::::::::::

2780

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

2781

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

——————————————–

For the 2012 MLB period, we found an totals forecast Joao’s Renowned Over/Under João Zorro Gonçalves, Zcode Totals Pro, System of the time with progressions that have been successful over 98 98% ... We eventually perfected our over/under program ( Zcodesystemexclusive ), although it h-AS has brought years of investigation. Five Steps to Making a Winning MLB Method: 1. Execute appropriate cash management tools. 2. MLB rules that are comprehend. 3.Extensive testing back to make sure successful longterm results ...

——————————————–

There is always a challenge when you're dealing with the Foreign Exchange Market. That's just the nature of the beast. The best thing you can do is to learn about how the market operates as a whole so that you will be ready to meet these challenges. iq option penipu Never be misled by any profit gains in binary options. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700.

——————————————–

Learning Polish has never been this fun and easy as with our podcasts Learn Polish with Polishpod101 Start today and become conversational in Polish in no time

——————————————–

The Best Website Agen Poker Resmi www.sakupoker.com Terpercaya come join

——————————————–

Do you need edmonton phone systems service ? Call complete communications today!

——————————————–

High-tech solutions for easy start-up of your IPTV/OTT-business

——————————————–

——————————————–

If you want to purchase not only one item, you have a chance to enjoy privileges. There is a sale’ tab on the site which offers a fantastic range of reduced counterfeit watches and accessories, such as sunglasses, cufflinks, watch straps and pens. Luxury Jewelry Replica At MCA.MN On Sale You get a 5% discount if you buy two pieces, this discount increases to 10% if you buy 4 pieces or more. There is free international shipping on all orders on this site. We also offer customers a free return anytime with a 100% money back guarantee.

——————————————–

:::::::::::::::::3452:::::::::::::::::::