Silvergate Bank, a California-based bank with nearly $1bn in assets, has chosen a range of solutions from technology vendor FIS including core banking system, branch, digital and mobile banking, compliance, risk and back-office systems to drive operational efficiency.

The bank has selected the FIS core banking system to streamline its third-party systems including account opening and loan servicing.

According to the technology vendor, its core banking system will support improved operational efficiency and cost effectiveness at the bank.

Silvergate Bank CEO Alan Lane said: “At Silvergate Bank, we’re committed to providing customized banking solutions to our customers that satisfy their needs today and over the long-term.

“FIS was an exemplary partner throughout this conversion, advocating for our needs and making this the smoothest core conversion anyone here had ever experienced.”

FIS COO for banking and payments Anthony Jabbour added: “Silvergate Bank’s hallmark has been its ability to deepen relationships with customers and focus its culture on meeting their needs. FIS is pleased we could support Silvergate in making such a strong, strategic move, which has positioned it for a bright future.”

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By GlobalData