Top Bank Selects VSoft’s Unified Platform of RDC and Back Office Solutions

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Bank to gain efficiencies with VSoft’s tightly integrated solutions.

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We are committed and will protect this partnership, as well as our other client’s, investment through our constant innovation and development of efficient products and services

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that one of the top 100 banks in the country selected VSoft’s back office processing solutions and remote deposit capture solutions, including ATM, Mobile, and Branch Capture for the deposit and payment transactions. VSoft’s single-sign-on, web-based solutions deliver tightly integrated automation efficiencies and will eliminate a significant number of legacy vendor products as well as expensive custom code that has been put in over the years.

With close to 200 branches, the bank is among the strongest regional banks in the country. The institution has realized significant growth, both organic and through acquisition, in recent years and that trend is expected to continue. A solid, adaptable, and efficient back office environment became imperative for the bank to sustain its growth while providing top-notch customer service. The desire to improve its operations while growing with innovative technology led the bank to select VSoft’s Platform.

“It is a great opportunity to offer our scalable platform to another large financial institution. With our commitment to our clients in protecting their investment in our technologies, VSoft not only provides functional updates to our clients, but we have also re-written the platform leveraging the latest technologies multiple times. This is just another instance where we are able to customize our solutions to fit the client’s specific needs, help them realize Straight Through Processing replacing myriad legacy platforms bolted together and reduce their overall costs significantly. We look forward to growing this relationship and for the opportunity to work hand in hand with the bank to benefit both of our growing organizations,” said Puneet Malhotra, SVP Business Development, VSoft Corporation.

VSoft’s platform contains a business rules engine, which not only governs user roles, authorizations, and other security related infrastructure, but also allows the bank to have complete control of every aspect of its processing. The platform is designed to help institutions capitalize on changing technology and provides a tightly integrated infrastructure, which eliminates unnecessary system complexity, providing both time and cost savings. VSoft’s remote deposit capture platform facilitates the automation of check deposits of varying volume and value, even at remote locations using mobile devices. The bank will also take advantage of VSoft’s enterprise-wide duplicate detection solution, which mitigates the risk of duplicate items using a consolidated database to make sure all captured items, regardless of depository channel, are analyzed.

“We are excited to welcome this bank in to the VSoft family,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “We are committed and will protect this partnership, as well as our other client’s, investment through our constant innovation and development of efficient products and services. VSoft looks forward to serving and expanding our relationship to include other payment solutions according to the bank’s business strategy.”

About VSoft Corporation
VSoft Corporation offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit http://www.vsoftcorp.com.

Editor’s Note: The correct usage of the company name, VSoft Corporation, is either referring to it as VSoft Corporation or VSoft, with both the “V” and the “S” capitalized.

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Rebekah Youngers
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