|Fiserv upgrades Signature platform for mid-tier, large banks|
Latest version provides credit management and loan fulfillment efficiencies, enhanced risk protection and alerts
Brookfield, Wis., August 19, 2009 – Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today the general availability of the latest version of the SignatureTM Bank Platform for US financial institutions. Signature 9.2, a powerful, comprehensive retail and commercial banking solution, advances efficient operations and the bank’s ability to quickly deploy new products and services - both of which are key objectives for Fiserv clients in this challenging economy.
"Signature 9.2 from Fiserv was designed collaboratively with clients, and it provides immediate business benefits as it expands the innovative and customer-centric features of the platform,” said Tony Catalfano, division president, Bank Solutions, Fiserv. "In particular, Signature 9.2 delivers enhanced functionality and process improvements in credit management and loan fulfillment that can lead to increased end-customer satisfaction. This version includes the first enhancements in a multiple release process to deliver additional commercial lending functionality to address the needs of our clients and this dynamic marketplace.”
An example of the Fiserv core competency in account processing, Signature 9.2 also provides new risk detection scenarios made available through Fraud Manager for Signature. To strengthen the ability to detect fraud, enhanced features include dynamic risk analysis along with activity profiling and alerts that are sent based on changes in customer behavior. These additional risk detection scenarios built on this integrated platform identify potentially fraudulent behavior based on the actions of both the victim and fraudster.
Regulatory items in Signature 9.2 include the automation of OFAC screening of International ACH Transactions and affiliated marketing capabilities to effectively manage marketing campaigns in compliance with the new Affiliate Marketing Rules instituted by the Federal Trade Commission (FTC).
Signature is a complete, real-time, service-oriented architecture (SOA)-based solution that provides a high degree of flexibility. Coupled with integrated best-in-class Fiserv solutions, Signature can be tailored to support a wide variety of business models. World class organizations rely upon Signature to increase operational efficiency, expand their markets and rapidly deliver a complete range of deposit and lending products. Fiserv clients around the world, ranging in size from de novo subsidiaries of major banks to large institutions, use Signature banking solutions to support complex environments and their unique business models. Proven in production to be highly scalable in mid-tier and large institutions, Signature offers account processing, multi-channel customer sales and service, teller, business intelligence, mobile and Internet banking, enterprise content management, payments, and risk and compliance solutions.
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