IBS Journal October 2015
WHO? Liberty Bank WHAT? Accenture’s Mortage Cadence Enterprise Lending Centre
Connecticut-based Liberty Bank is imple- menting Accenture’s Mortgage Cadence Enterprise Lending Centre to ‘simplify’ its processes. The bank, which counts 125,000 con- sumer and business accounts in its cus- tomer base and with assets of $3.9 billion, was looking for an all-in-one solution to
its borrowing and mortgage processes. Thomas Hylinski, executive vice-president of retail lending at Liberty Bank, says that though it had seen steady growth over the past few years the bank had been search- ing for a centralised system for some time. The implementation began in June 2015 and, according to Hylinski, the
new solution has already shown signs of improving Liberty Bank’s functionality. The platform will join Liberty Bank’s core retail system, PhoenixEFE, provided by North American software firm D+H (Phoe- nix stems from US-based Harland Financial Solutions, acquired by D+H in 2013).
Alex Hamilton
WHO? State Bank of Saunemin WHAT? FPS Gold’s core banking system
Illinois-based State Bank of Saunemin has taken on software provider FPS Gold to overhaul its core banking systems. State Bank of Saunemin, which
services the communities in the Ponti- ac region in Illinois, offers its custom- ers personal and business banking services. It felt, according to presi- dent Denny Stephens, that trying to keep up with technology on its own was too costly and difficult. The bank’s legacy system is provided by Midwest Software Inc, which had been in use since 1977. According to FPS Gold, prepara-
tions for the conversion are ‘in motion’, with the service targeted to go live in Q2 2016. The FPS Gold system will be pro- viding the core processing, accounting, deposits and loan services for State Bank of Saunemin. Headquartered in Provo, Utah,
Pontiac, Illinois © IvoShandor, Wikipedia
FPS Gold provides banking software to small and medium-sized banks and credit unions. Another of its customers,
Washington Federal, has used the vendor’s internet banking solution since 2009. Alex Hamilton
WHO? Westwood Trust WHAT? FIS’s PortfolioMARC for wealth management
Texas-based Westwood Trust has chosen US-based software heavyweight, FIS, for its trust and investment processing in a multi-year outsourcing deal. Westwood will use FIS’s wealth man-
agement suite, PortfolioMARC, which is used for managing, assessing, reporting and consulting on client’s accounts. Randall Root, president, Westwood,
says: ‘After a thorough, multi-year review of the marketplace, we determined that the comprehensive trust accounting and operations outsourcing solutions set from FIS, and their strategic commitment to this market, best fit the current and future needs of Westwood Trust and our clients.’ Westwood has $5.6 billion in assets under management, and offices in Dallas,
© IBS Intelligence 2015
Omaha and Houston. It provides financial services to high net-worth individuals and families, foundations, endowments, corpo- rations, public pension plans and private retirement plans; and has over 2000 clients. The Westwood deal is on top of FIS
acquiring US-based wealth management firm Reliance Financial for $110 million last year. Antony Peyton
www.ibsintelligence.com 35
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