BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that MCNB Trust & Co., a community
bank headquartered in Welch, W.V., has selected Common
Origination Platform to meet its consumer, mortgage and commercial
lending needs. Common Origination Platform from Fiserv is a
single-platform solution that gives lenders a holistic view of borrowers
across all lending channels and products, aggregating data in one place,
regardless of the point of origination or loan type.
MCNB, a Fiserv client since 1994, utilizes the Premier® bank
platform from Fiserv for its account processing needs. When the bank
decided to replace its existing loan origination system with a new
solution that could seamlessly integrate with its account processing
platform, Common Origination Platform from Fiserv offered several
advantages. The Fiserv solution will enable MCNB to gain processing
efficiencies and use customer information more effectively across the
enterprise.
"Over the last few years, community banking's role in the lending arena
has shifted, with both businesses and consumers increasingly looking to
local financial institutions to meet their needs," said John Reed, Vice
President and Chief Operations Officer, MCNB. "We are confident that
expanding our long-standing relationship with Fiserv through the
selection of their Common Origination Platform will help us better serve
our customers while generating greater efficiencies and lowering risk
for the bank."
"Using Common Origination Platform in conjunction with the Premier bank
platform from Fiserv will enable MCNB to gain a broader perspective of
borrower risk, reduce the number of manual processes and save time,"
said Kevin Collins, president, Lending Solutions, Fiserv."Additionally,
employees will only need to learn and operate a single origination
system to support multiple lending products."
Common Origination Platform is an enterprise lending solution designed
to originate consumer, business, mortgage and 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 across the enterprise. 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.
Additional resources:
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Amanda McCracken
Public Relations
Manager
Fiserv, Inc.
678-375-3399
amanda.mccracken@fiserv.com
or
Additional
Fiserv Contact:
Julie Nixon
Senior Public Relations Manager
Fiserv,
Inc.
678-375-3744
julie.nixon@fiserv.com
Source: Fiserv, Inc.
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