Raymond James Bank, a subsidiary of Raymond James Financial, has selected Fiserv-developed enterprise-wide banking solutions to enhance its business.

Under the deal, the bank will use Fiserv’s Signature bank platform, Aperio for business process management, Nautilus for enterprise content management, Prologue for financial management, Corillian Online for online banking, CheckFree RXP for bill payment, and other solutions for debit, ATM and item processing.

The Signature is a real-time, cost-effective, service-oriented architecture-based (SOA) solution that not only helps traditional and nontraditional financial institutions in account processing but also provides them with customisation, system integration and business process improvement solutions.

Raymond James Bank operations executive vice president Darlene McConnell said while choosing a technology provider, they sought a partner who had the expertise and proven capabilities to support integration across their businesses and geographies – a robust system geared toward a commercially focused institution.

The Fiserv solutions will be used by the bank, which has $11.3bn in assets, for automating manual processes, driving efficiency and cost savings.

McConnell said the flexibility and cross-channel integration provided by Fiserv will allow them to simplify their reporting across the enterprise.

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