Embracing the digital, data-centric future, Union Savings Bank, a $2.3 billion mutual bank in Connecticut, has selected FIS™ (NYSE: FIS), a global leader in financial services technology, as its new technology partner and core banking provider.
FIS will help the bank improve its use of data, allow it to streamline processes and expand customer offerings through increased integration, and enhance functionality. In addition, better workflow technology, along with streamlined vendor management, will allow the bank to better compete in the market, while also positioning itself for growth. Included in the deal are digital and payment services, commercial banking, treasury management and more.
“Union Savings Bank continuously seeks to better serve our customers,” said Cynthia Merkle, president & CEO, Union Savings Bank. “When looking to expand our commercial banking capabilities, and become more nimble with our use of data, we were impressed by FIS’ ability to meet all of our needs in one place. It’s technological strength, plus its deep support, offered us a superior solution that will make meeting customer needs easier and more effective.”
“Technology is a great equalizer for community banks,” said Anthony Jabbour, chief operating officer, Banking and Payments, FIS. “FIS’ broad set of solutions will allow Union Savings Bank to continue to bring new products to market that are attractive to its customers, and facilitate their needs.”