Third Federal Savings & Loan has selected payments and financial services technology provider Fiserv to deploy the latter’s DNA platform to drive its digital transformation.
The banking company aims to enhance its digital banking capabilities and real-time transaction processing with Fiserv’s platform.
Based in Ohio, US, Third Federal Savings & Loan manages $17bn in assets. It has selected the DNA platform to improve operational efficiency, accelerate product deployment, and integrate seamlessly with third-party financial solutions.
The move is expected to support the banking firm’s long-term growth objectives by enabling a flexible and future-ready core processing system.
Third Federal Savings & Loan chief information officer Andy Rubino said: “Everything we do at Third Federal is focused on serving our customers and associates. An open and real-time core solution that allows us to easily integrate with third parties and provide a superior user experience helps us achieve this goal.
“We regularly evaluate new ways to improve the service we offer, and the Fiserv DNA core platform empowers us to create a seamless customer experience.”
Headquartered in the US, Fiserv specialises in payments and financial technology solutions, including digital banking, card issuer processing, e-commerce, merchant acquiring, and its Clover cloud-based point-of-sale platform.
Fiserv core account processing solutions president Dudley White said: “As financial institutions face pressure to meet consumer expectations, they should scan the horizon for future-ready technology that enables innovative, differentiated experiences.
“DNA accelerates and elevates financial institutions’ ability to respond to change, facilitate engagement and growth, and help them get ahead of what’s next.”
Earlier this month, South Africa’s FirstRand Group selected Fiserv to bolster its growth and innovation. Through the collaboration, FirstRand Group implements Fiserv’s cloud-native and real-time banking solution, dubbed Finxact.
