The advanced statement production capabilities these banks are tapping have been in the same product we have offered to our base of commercial and retail banks and credit unions for several years. But many of these advanced capabilities have been underutilized until now. We look forward to taking on ever more complex projects for our customers' content delivery needs.
Oklahoma City, OK (PRWEB) August 20, 2009
Myriad Systems Inc (MSI), a leading national provider of print & mail, e-Statement, and web-based item processing solutions and services to U.S. financial institutions, has found a new niche for its retail and commercial statement delivery suite: Private Banking.
Modern Bank of New York, an institution that focuses exclusively on high-net-worth customers, recently selected MSI to meet its needs for composition, printing & mailing, and electronic delivery of statements and notices.
"We offer our Clients an individualized array of financial products and services chosen because they are optimal for our Client's unique wealth management needs, not because they are merely convenient to integrate." said TJ Turgeon, Modern Bank's Executive Vice President. "Consequently, this presents special challenges when it comes time to merge the output of these disparate systems into a consolidated periodic customer reporting system our Client Members demand. In MSI, we have found a partner that can do just that"
MSI's Statements-e product is designed to take the output of multiple core, DDA, investment, trust and myriad other systems and render that data into a comprehensive periodic statement, including charts, graphs, and check and demand draft images. Additional options include on-statement, 1-to-1 messaging and a vast array of paper qualities and full color imprinting. MSI then produces consolidated output that preserves the fidelity of this information regardless of the delivery medium. That is, the printed hardcopy looks exactly like the electronic and mobile versions which utilize a patent-pending method of displaying data that is dynamic, interactive, and does not require the download and launch of separate files to interact with the data. Bank Customers get a consistent, responsive, easy to digest and drill-down snapshot of their finances.
Greenwich, CT-based Fieldpoint Private Bank & Trust also recently partnered with MSI after learning of the advanced system's capabilities.
"Fieldpoint Private Bank & Trust offers Private Banking, Lending and Wealth Management to our Members, their families and their businesses. To maintain superior Member-centric service Fieldpoint Private needed to provide more than monthly bank account statements, we needed an integrated Member Relationship Report", said Joe Larizza, Managing Director, Operations and Information Technology, Fieldpoint Private Bank & Trust. "MSI had the solution; in addition to combining account details from all lines of business into one easy to read monthly Member Statement, the MSI solution empowers our Members to manage multiple accounts in various reporting configurations, and mail to intermediaries and business managers as needed."
Continued Larizza, "MSI seamlessly merges information from unrelated data systems into a single comprehensive statement, helping Fieldpoint Private deliver on our promise of a unique Member experience."
Shaun Riney, President of MSI added, "The advanced statement production capabilities these banks are tapping have been in the same product we have offered to our base of commercial and retail banks and credit unions for several years. But many of these advanced capabilities have been underutilized until now. We look forward to taking on ever more complex projects for our customers' content delivery needs."
About Myriad Systems Inc
Myriad Systems Inc (MSI) is a leading provider of print and mail, online document delivery, and item processing solutions for financial institutions across the United States. MSI processes, prints, and mails financial statements and notices; electronically archives statements, notices, and other types of documents for online delivery and research; and facilitates the capture, processing, and clearing of check images between customers and their banks, as well as between banks and check exchanges. Learn more about MSI at http://www.myriadsystems.com
About Modern Bank
Modern Bank was founded by a group of investors and a management team whose vision was to create an institution focused solely on private banking and designed to meet the needs of a select group of high net worth individuals. With this singular focus, Modern Bank is committed to delivering an extraordinary banking experience. Modern Bank is a national bank chartered by the United States Department of Treasury's Office of the Comptroller of the Currency (OCC). Modern Bank is a member of the Federal Deposit Insurance Corporation (FDIC). Banking deposits are insured up to the maximum amount allowable by law.
About Fieldpoint Private Bank & Trust
Fieldpoint Private Bank & Trust clients enjoy privileged access to a unique combination of customized private banking, highly responsive business banking & boutique investment management. Fieldpoint Private is a new breed of institution established on the basis of personalization and exclusivity offering a Member experience crafted to each client's personal needs. To find out more please visit http://www.fieldpointprivate.com.