Metavante Corporation announced a long-term contract with Marlborough Savings Bank, Marlborough, Mass., for a comprehensive suite of financial technology solutions, including deposit and loan account processing and customer accounting services. Metavante is the technology subsidiary of Marshall & Ilsley Corporation.
In addition, Metavante will provide Marlborough Savings Bank with products and services that support electronic banking, electronic presentment and payment, electronic funds transfer and card, and customer relationship management.
“We chose Metavante because it offers the broadest, most mature offering we could find,” said Jeffrey Dale, vice president, Marlborough Savings Bank. “Metavante is a one-stop shop for a single integrated solution, which is particularly valuable to a community bank like ours.”
Dale said Marlborough Savings, which signed an eight-year contract, was also drawn to Metavante because of its ability to provide a flexible solution. “We have a key business objective of expanding our commercial focus,” he said. “After exploring what Metavante could offer, we felt confident they could meet our current needs, and support our expanded offerings as we move forward.”
“Our ongoing commitment to account processing and our open and integrated architecture enable us to provide Marlborough Savings Bank with a solution that will help them to better serve their customers and compete more effectively in their market,” said Jamie Geschke, senior vice president and general manager, Metavante Financial Technology Services. “Our integrated solution enables our clients to implement compelling retail, small business, and commercial strategies.”
Metavante offers a comprehensive set of integrated products and services for financial services providers that are centered on customer and account management, specializing in deposit, loan and investment accounts. Solutions include core accounting services, retail delivery systems, card solutions, productivity tools, and trust and professional services. It provides core account outsourcing to more than 500 financial services providers, and is the leading deposit system outsourcer for the top 100 U.S. banks.
About Marlborough Savings Bank
Marlborough Savings Bank (MSB) is a locally run, independent mutual savings institution serving the Metrowest communities of Massachusetts since 1860. With $223 million in assets and branch offices located in Marlborough, Northborough, Southborough and Sudbury, MSB provides a wide variety of loan and deposit products as well as electronic banking services. A strong supporter of the communities, MSB has built its reputation on exceptional customer service and competitive products. Marlborough Savings Bank’s Corporate Office is located at 178 Main Street, Marlborough, Mass., and can be reached at 508-481-8300 or at [www.marlboroughsavingsbank.com][1].
About Metavante Corporation
With more than 3,500 clients, including the largest 20 banks in the United States, Metavante Corporation is a leading financial services enabler, providing virtually all the technology an organization needs to offer financial services. Metavante offers customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, private label banking, and wealth management solutions. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Illsley Corporation (NYSE:MI). For more information, see metavante.com.
[1]: http://www.marlboroughsavingsbank.com/
