BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that The First National Bank of
Long Island (FNBLI), located in Glen Head, N.Y., has implemented Common
Origination Platform™ to meet its consumer, business and mortgage
lending needs. Common Origination Platform from Fiserv is a
single-platform solution that gives lenders a holistic view of their
borrowers across all lending channels and products, aggregating data in
one place regardless of the point of origination or loan type. FNBLI
selected an ASP delivery model for Common Origination Platform.
FNBLI, the largest independent commercial bank headquartered on Long
Island, is known for operational excellence. Several financial firms,
such as Raymond James, Keefe, Bruyette & Woods and Sandler O'Neill, have
reported FNBLI as one of the strongest and best operating banks in the
country within its peer group. A Fiserv client since 1987, FNBLI
utilizes a host of Fiserv solutions including the Signature®
account processing platform. Through Common Origination Platform, the
bank will not only have the ability to originate all types of loans but
will benefit from the planned integration of the lending system into its
account processing platform. The functionality will help the bank to
increase efficiencies and minimize time needed for employee training.
"We run a lean operation which means that every member of our staff is
responsible for all types of lending. By implementing Common Origination
Platform from Fiserv, we are giving our staff the best tools available
as we provide our customers with the levels of service they have come to
expect," said Rich Kick, executive vice president, FNBLI. "Our
time-tested relationship with Fiserv makes us confident that they will
continue to invest in technologies like Common Origination Platform and
product integrations that make them a strategic partner in our success."
"Common Origination Platform has the capabilities financial institutions
need as they adjust to the current loan origination landscape. Fiserv
will help First National Bank of Long Island to drive down operational
costs, reduce redundant processes and comply with increasing regulatory
demands," said Kevin Collins, division president, Lending Solutions,
Fiserv.
FNBLI relies on a host of Fiserv solutions in addition to Common
Origination Platform and Signature. These solutions include CheckFree®
RXP®, CheckFree® Small Business, ConvergeIT®,
Risk OfficeSM, UChoose Rewards®, Debit Processing,
PEP+® and the Accel™ payments network, among others.
Common Origination Platform is an enterprise lending solution designed
to originate consumer, business, mortgage and other real estate-backed
loans. With data about lending customers all in one place, financial
institutions can reduce risk, gain processing efficiencies and use
information more effectively. Additionally, lenders can establish their
own business standards including operating procedures, conditions and
limits to automate virtually every origination transaction, an important
feature for a community bank where employees often have a wide array of
responsibilities.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Media Relations:
Wade Coleman
Director, Public
Relations
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com
or
Additional
Contact:
Karissa Bursch
Public Relations Specialist
Fiserv,
Inc.
678-375-4603
karissa.bursch@fiserv.com
Source: Fiserv, Inc.
News Provided by Acquire Media