Salem Five, a mutual bank based in Massachusetts, has chosen Fiserv’s DNA account processing platform to strengthen its digital focus.
The technology vendor said that its DNA platform will allow the bank’s retail and business customers use the most innovative tools to collaboratively manage their finances.
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In addition to the DNA platform, the bank also selected a range of digital banking, payments, and commercial and cash management solutions from Fiserv that stems from the vendor’s acquisition of Online Banking Solutions.
The other Fiserv solutions selected by Salem include a modern cash management platform, tools to streamline account analysis and billing and facilitate treasury management, along with online and mobile banking capabilities such as electronic payments and image capture.
Fiserv group president of depository institution services Byron Vielehr said: “Salem Five has a sophisticated approach to technology, looking beyond the bells and whistles to consider how technology can enable the entire customer relationship.
“This is an approach that we at Fiserv share, and we are committed to helping the bank get the most out of their technology, including the commercial and cash management capabilities Fiserv is able to offer as a result of our acquisition of Online Banking Solutions."
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