First Foundation Bank Supports Commercial Growth with Addition of Digital Solutions from Fiserv
January 16, 2018 at 07:30 pm IST
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Fiserv, Inc. announced First Foundation Bank has extended and expanded its relationship with Fiserv to meet the growing technological needs of its diverse customer base.
First Foundation Bank will add a set of advanced digital offerings and continue its long-term relationship with Fiserv for use of the Precision® core account processing platform. The added digital offerings include ArchitectTM, a comprehensive system that will support the bank’s multi-generational retail clients, and Commercial CenterSM, which will provide an integrated delivery system to scale high-demand commercial banking services. First Foundation Bank selected these solutions for their technical capacity, integration capability, mobile delivery options, and ability to help minimize risk and counter fraud. The added digital solutions are part of a broader initiative at the bank to build a highly integrated enterprise services framework that will streamline both the customer and employee experience. The bank’s multifamily lending solution, LendingLink™ will be a key part of this framework. In addition, First Foundation Bank engaged Fiserv to design an intranet service portal to manage internal collaboration and leverage dynamic forms and data delivery services to automate a wide range of internal, client-facing processes.
Fiserv, Inc. specializes in the development and integration of IT solutions for the financial and insurance sectors. Net sales break down by activity as follows:
- on-line banking and investment support (77.7%): solutions for on-line payment, solutions for placing share orders, paying for securities, managing retirement savings plans, etc.;
- financial management (16.6%): transaction and loan management solutions, data treatment, CRM, hosting solutions of online activities and outsourcing services for financial institutions (banks, leasing companies, real estate lending companies, etc.) and insurance companies;
- other (5.7%).
The United States account for 85% of net sales.