Fiserv CBS Worldwide, a business unit of Fiserv, Inc.,
announced it is providing banking core, treasury, anti-money
laundering and risk management solutions to Banco Ahorro Famsa,
Institucion de Banca Multiple, the new banking unit of one of Mexico’s
largest furniture and appliance dealers, Grupo Famsa S.A. de C.V.
headquartered in Monterrey, Mexico.*
Banco Ahorro Famsa opened its first seven bank branches in January 2007
in the city of Torreon, located in the northern state of Coahuila in
Mexico, with more on the way throughout Mexico.
In August 2006, Banco Ahorro Famsa received authorization from the
SecretarÃÂÃÂa de Hacienda y Credito Publico of Mexico (SHCP) to conduct
banking operations with the general public. The bank successfully
completed the final certification process conducted by the supervisory
government agency Comision Nacional Bancaria y de Valores (CNBV) in
early January 2007 and was authorized to initiate operations.
The bank’s processes and procedures, as well as all Fiserv solutions,
were certified as regulatory compliant, including core banking,
treasury, anti-money laundering and risk management. Also certified were
all the points of integration with the Mexican regulatory agencies,
local ATM/POS switches, credit and debit card operations and the
document clearing center.
Banco Ahorro Famsa initiated its operations offering a variety of
savings, investment and loan products. The bank plans to be open seven
days a week, 365 days a year from 9:00 AM until 9:00 PM.
Banco Ahorro Famsa’s chief executive officer Francisco Patino said, “An
aggressive plan is in place to complete the roll-out of bank branches in
more than 300 of Grupo Famsa S.A. de C.V. stores in Mexico by year end.
Our objective is to open each branch offering excellent service and
providing a natural integration between our banking and commercial
day-to-day operations. Our focus is to provide personal service to each
of our clients and make their banking experience the best possible.”
Dan Alf, managing director of Latin America, Canada and the Caribbean,
for Fiserv CBS Worldwide, said, “We congratulate Banco Ahorro Famsa and
the entire team that made this project a success. Fiserv is committed to
continuing to support the bank in its expansion plans and in its
objectives to provide the best banking service to its clients. Fiserv
ICBS, our international comprehensive banking solution, has scalability
and functionality that will provide powerful support for Banco Ahorro
Famsa throughout their growth.”