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First Savings Bank Northwest chooses DNA account processing platform
along with more than 20 leading solutions
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DNA and digital solutions such as mobile and online banking will help
bank attract and serve millennials
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The bank selected Fiserv for its comprehensive solutions and product
flexibility
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that First Savings Bank Northwest
(FSBNW), based in Renton, Washington, has selected a family of Fiserv
solutions centered around the DNA™
account processing platform. The $937 million asset bank will use the
Fiserv technology to attract new customers with a diverse set of
products and modern, digital services.
Since 1923, FSBNW has served the mortgage and savings needs of the
Pacific Northwest. Faced with changing demographics and a more complex
economic environment, the bank sought a new technology platform to help
it deepen relationships and attract new customers with a diverse set of
products and services.
"Fiserv offers the modern solutions we need to evolve our business model
and become a more diversified, vital and customer-focused bank," said
Joseph W. Kiley III, president and CEO, First Savings Bank Northwest.
"The flexible DNA platform will help us provide services that match the
needs of our current and prospective clients. We'll capitalize on the
tremendous growth potential made possible by this innovative, scalable
platform."
Recognized
by industry-leading analysts for its technology, user experience and
breadth of functionality, DNA from Fiserv is the first open,
relationship-centered account processing platform built for
collaboration. Developed using contemporary, standards-based components,
DNA will provide FSBNW with 24/7 real-time processing, scalability and
the ability to deliver a diverse range of deposit and loan products.
First Savings Bank Northwest will leverage the open architecture of DNA
to integrate more than 20 Fiserv solutions, including digital solutions
such as DNAweb™ for online banking, Mobiliti™ for mobile and tablet
banking, and Popmoney® for personal payments. The bank will
use these electronic channels to serve customers beyond the walls of its
branch location as well as to better compete for millennial consumers.
As the needs of FSBNW evolve, the bank will be able to add new features,
screens and integrations with custom core extensions, called DNAapps™.
The bank can develop its own DNAapps using the DNAcreator™ development
toolkit or download DNAapps created by others from the DNAappstore™
collaborative online marketplace.
"Fiserv will support the strategic growth objectives of First Savings
Bank Northwest with a complete set of integrated, real-time solutions
designed for the challenges of today and tomorrow," said Steve Cameron,
president, Open Solutions Division, Fiserv. "The person-centric design
of DNA will help FSBNW extend its proud history of customer service and
position the bank to leverage competitive opportunities for years to
come."
Fiserv is the U.S. market leader in account processing services, and
more than one-third of U.S. financial institutions rely on Fiserv for
account processing solutions and expertise. Javelin Strategy & Research
named Fiserv a top-ranked mobile banking provider for three consecutive
years, and the Popmoney personal payments service is currently offered
at nearly 2,400 banks and credit unions.
Additional Resources:
About First Savings Bank Northwest
First Savings Bank was organized in 1923 as a Washington state chartered
savings and loan association, converted to a federal mutual savings and
loan association in 1935, and converted to a Washington state chartered
mutual savings bank in 1992. Now as the wholly-owned subsidiary of First
Financial Northwest, First Savings Bank Northwest has expanded its
services and products to serve the needs of the customer, while
providing support and leadership in the community.
First Financial Northwest became a publicly traded company through an
initial public offering in the fall of 2007. First Financial Northwest
shares trade on the NASDAQ under the ticker symbol "FFNW."
First Financial Northwest is the Pacific Northwest Region's home for
personal service and long-term banking and loan relationships. We
believe that by holding true to our values of exceptional customer
service, community responsibility and quality banking and loan products,
we will best serve our customers, investors and community.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leader in financial services technology
and one of FORTUNE® magazine's World's Most Admired
Companies. Fiserv enables clients to achieve best-in-class results by
driving quality and 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:
Julie Nixon
Senior Public Relations
Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
678-375-4039
ann.cave@fiserv.com
Source: Fiserv, Inc.
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