Republic Bank, a $5bn community bank in the US, has selected Fiserv as its new strategic technology partner.
As agreed, Fiserv will help Republic Bank to achieve technology-specific goals as the lender seeks to deliver enhanced multi-channel experience to its consumers.
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Particularly, Fiserv will serve as a technology partner for the bank’s core processing, payments and digital solutions.
The collaboration is also expected to support the bank’s growth strategy.
Fiserv president and CEO Frank Bisignano said: “Consumer use of digital banking has boomed over the past year, and our team is committed to helping institutions like Republic Bank meet the quickly evolving needs of their customers both now and in the future.
“With this new technology, Republic Bank will be able to create a digital experience that’s scalable, secure and operationally efficient – while making customers’ financial lives simpler.”
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By GlobalDataRepublic Bank is the operating name for Republic First Bank, a full-service, state-chartered commercial bank.
The lender has 32 offices and offers an array of financial services. It also provides residential mortgage products through its mortgage division.
Republic Bank chairman and CEO Vernon W. Hill II said: “We’re proud to be America’s #1 Bank for Service and this partnership reinforces our mission to provide the absolute best banking experience wherever customers prefer to bank – in-store, online or via mobile.”
In March, another US lender Citizens Bank & Trust entered into a collaboration with Fiserv to boost digital banking services.
