Fiserv, Inc, the provider of financial services technology solutions, announced enhancements to its Signature(TM) bank platform for U.S. financial institutions. Built with extensive input from clients, industry analysts and Fiserv banking experts, the latest version of Signature focuses on delivering solutions for generating new sources for revenue in todays dynamic landscape. Advanced capabilities include detailed commercial analysis, an integrated loan platform, improved automation and process efficiencies that simplify branch balancing and improve management of funds availability.
One of the key enhancements for Signature over the past year has been its commercial lending capabilities. Signature delivers sophisticated loan capabilities in a single account processing solution with high end commercial lending functionality normally found only in specialized packages. This cost effective approach provides an integrated lending platform supporting both retail and commercial loans. The flexible solution is well suited for commercially focused banks and those looking for a completely integrated platform.
With an integrated loan system, it is easier for the bank to manage its risk and exposure through the ability to see all the retail and commercial loans and commitments for each customer. Additionally, a single loan platform allows the bank to reduce the cost of implementing and maintaining special-purpose lending systems. Bank customers also benefit from the solution with improved servicing and an efficient lending process. For banks with complex mortgage servicing requirements, including default risk management, Signature also offers seamless integration to the LoanServ(TM) platform from Fiserv.
For retail and commercial customers, commercial analysis improvements offer financial institutions increased flexibility in pricing products and services for their customers. Signature helps organizations to generate new revenue opportunities by analyzing behaviors how their commercial customers are using the institutions products and services and creating offerings to meet the needs of their small, medium and large business customers.
Signature also benefits financial institution customers with new distribution options for electronic statement delivery. Banks can offer their customers a choice of electronic or paper delivery of statements, notices and other documents. In addition to environmental benefits, this feature reduces operational costs in printing and postage and improves customer service by allowing customers to choose their preferred delivery method. Offering electronic statements increases a financial institutions online services, enabling customers to manage their accounts, regardless of bank hours, and providing around the clock convenience and availability.
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