During this particularly challenging time for financial institutions, banking leaders need to quantify their rationale for their strategic direction and allocation of scarce resources
Brookfield, Wis. (PRWEB) August 21, 2008
BancIntelligence, a business unit of Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial industry, and provider of the banking industry's only online advisory solution, announced today that it has grown its client base to more than 600 financial institutions. With clients ranging in size from community banks to large regional institutions, BancIntelligence serves banks in all 50 states and continues its steady client growth.
The BancIntelligence solution provides continuous, online access to one of the banking industry's most comprehensive sources of financial and market analysis. Bank executives use the company's decision support tools to help determine where their institutions can best allocate their finite resources to drive high performance and overall franchise value. A valuable resource for banks of any size, the BancAnalyst® Financial and BancAnalyst® Market tools are utilized for strategic planning, earnings enhancement, incentive compensation, budgeting resource allocation, branch rationalization decisions, target market programs, market expansion plans, and other strategic applications.
"During this particularly challenging time for financial institutions, banking leaders need to quantify their rationale for their strategic direction and allocation of scarce resources," said Steve Cotton, president of BancIntelligence. "By leveraging the BancAnalyst solutions, our clients have access to objective, quantitative analysis that enables them to develop differentiated, diverse strategies and identify earnings enhancement opportunities. With these valuable tools, bank executive management can ensure they are working on the right things and allocating resources efficiently towards maximizing franchise value."
BancIntelligence, a business unit of Fiserv, Inc. (NASDAQ:FISV), delivers the industry's only online advisory solution to provide a key analytical advantage to financial institutions of all sizes. BancIntelligence has automated the analysis and strategy development process by uniquely combining comprehensive data, applied intelligence and access to its expert Bank Strategists. The BancIntelligence BancAnalyst® Financial and BancAnalyst® Market online tools continuously deliver instant, objective conclusions that support more than 600 financial institutions' strategic and tactical planning on their course to maximizing franchise value. BancIntelligence is an ICBA Preferred Service Provider. For more information about BancIntelligence and its unique online advisory solution visit http://www.bancintelligence.com or contact us at 800.846.6681.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit http://www.fiserv.com.
ehunter @ bancintelligence.com
Fiserv Corporate Contact:
Assistant Vice President Corp. External Comm.
lori.stafford @ fiserv.com