ibs news: us round-up


IBS Journal September 2015


Pointbank keeps Vsoft partnership with new digital banking platform


Denton County, Texas-based community bank Pointbank has selected Vsoft’s Iris omnichannel platform. The bank, which has already deployed


Vsoft’s Coresoft as its core banking sys- tem, decided that it needed a multi-de- vice banking solution to launch it into the modern world of smartphones, tablets and internet banking. President of Pointbank, Ray David, points towards the firm’s famil- iarity with Vsoft as a major driver behind the deal. Vsoft’s IRIS system allows users to manage their bills, P2P, transfers and cheque ordering as well as offer a ‘person- alised services and preferred settings’ to their customers. According to Murthy Veeraghanta, CEO


of Vsoft, consumers value their ability to bank digitally and will switch their provid- er if their needs are not met. The compa- ny’s Iris platform looks to amalgamate dif- ferent digital channels and solutions into one package to streamline management and costs. Vsoft and Pointbank have been in


partnership since 2012 when the latter chose Vsoft to supply its core banking system – at the time it was only the third entity to do so, too. The bank was reput- edly unhappy with the service its legacy system, Fiserv’s PCS Vision, was provid- ing. The older system was eventually out- sourced in an attempt to turn IT costs into a profit centre.


Alex Hamilton


Silicon Valley Bank snaps up API start-up Standard Treasury


IN BRIEF


National Bank Holdings, a US-based holding company of a group of local community banks, is implementing new core banking software, IBS from FIS. In addition, it is also deploying FIS’s internet and mobile banking applications and a cheque imaging system, Check Image. National Bank Holdings has three banks under its group umbrella, NBH Bank. These banks comprise Bank Midwest in Kansas and Missouri, Hillcrest Bank in Tex- as and Community Banks of Colorado. Together, they form a network of 97 outlets. NBH Bank also offers commercial finance,


energy banking, food and agribusiness bank- ing, and government and non-profit financing. A contract was inked with FIS in late 2014. The IBS solution, which stands for Inte-


grated Banking Services, stems from anoth- er US developer, Metavante, which was tak- en over by FIS in 2009. —Tanya Andreasyan


Security First Bank has chosen FIS’s Horizon as its new core banking system. The bank says it is looking to ‘increase the speed of account origination’ and is particularly keen to develop in the areas of mobile, electronic banking, processing and compliance. Horizon has its roots in the late 1980s and runs on the IBM iSeries. It is aimed at small and medium-sized community banks in the US. Tere Brun, the supplier’s head of community banking solutions, speaking recently to IBS about the implementation of Horizon atEvans Bank in New York said it might not be the ‘sexiest’ system, but ‘the quality is good, we have good references, and we say what we mean and do it’. Security First Bank, founded in the late


Silicon Valley Bank (SVB) has acquired API start-up Standard Treasury, alleviating the latter company’s financial troubles in the process. Standard Treasury had previously failed


to raise Series A funding for their goal of building a bank based around an API (Application Program Interface). It decid- ed, according to co-founder Zac Townsend, that ‘the next best thing’ would be to align itself with SVB. The San Francisco-based start-up, which began life as a Y- Combinator- backed company in 2013, will be assim- ilated into SVB entirely. Townsend and fellow co-founder Dan Kimerling will join the bank’s IT department at director lev-


el, to work on improving and building on its API offerings. COO at SVB, Bruce Wallace, labels API


offerings as ‘a key part of our product delivery and service platform strategy’. Standard Treasury, he adds, ‘aligned per- fectly with our vision, so it’s exciting that we’re now joining forces’. The bank is a broad user of Oracle’s Flex-


cube banking suites in the US and has posi- tioned itself as a ‘360 degree’ customer for the financial services firm. A couple of years ago, it was rumoured to be in the market for a managed services company, to look after the bank’s overall technology set-up.


Alex Hamilton © IBS Intelligence 2015 www.ibsintelligence.com 31


1800s, is an $860-million community bank with 30 branch locations and eleven insurance offices throughout Nebraska and South Dakota. Horizon is a popular choice among US


community banks – in the last two years alone, around 55 institutions selected the system (according to the IBS’s Sales League Table data). These include Bank of Bennington in Vermont and the aforementioned Evans Bank. Also, Texas-based Industry Bancshares, a


holding company of six regional community banks, signed for Horizon to be rolled out across its subsidiaries: Industry State Bank, Bank of Brenham, Citizens State Bank, Fayette- ville Bank, First National Bank of Bellville and First National Bank of Shiner. —Antony Peyton


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