Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Southern Independent Bank, headquartered in Opp, Ala., has selected the Premier ® bank platform in an outsourced environment, along with a host of additional Fiserv solutions. Founded in 2006, the $183 million bank cited the usability and innovation of Fiserv products and services, in addition to a solid reputation for service, as key factors in its decision to choose Fiserv.
“Southern Independent Bank continually seeks ways to increase efficiency and streamline operations,” said Brett Ballard, senior vice president, Southern Independent Bank. “We feel the product mix and superior customer service offered by Fiserv are a good fit for our organization, and our staff especially looks forward to enhanced capabilities in our loan system, reporting functions and digital offerings.”
The user-friendly functionality found in the loan application of the Premier bank platform was a determining factor in Southern Independent Bank’s selection of Fiserv. The bank will be able to process and manage nearly every type of loan in its large commercial and retail lending portfolios from a single application, and Premier is already integrated with EasyLender ® from Fiserv, the loan origination system selected by Southern Independent Bank.
The bank selected several self-service customer-facing digital products and services, including solutions for enhanced bill payment, online banking, electronic statements and online funds transfer. The bank will introduce Popmoney ® from Fiserv to enable Southern Independent Bank’s customers to send and receive person-to-person payments. Several Fiserv solutions will also enhance card services for the bank, including a personalized debit card program that is tied to school fundraising.“Southern Independent Bank joins a growing number of financial institutions that look to Fiserv to provide innovative, efficient and integrated technology,” said Teri Carstensen, division president, Bank Solutions, Fiserv. “As Southern Independent Bank transitions from a de novo institution to its next phase of development, Fiserv looks forward to helping the bank build on its reputation as a responsive, service-driven bank. From lending solutions to digital innovations, Southern Independent Bank is now strategically positioned for continued growth.”