BISYS(R) and Digital Insight(R) Renew and Expand Strategic Alliance; BISYS to Offer Digital Insight's Loan Origination System and Corporate Banking Solution to Regional and Community Bank Clients.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BISYS, a leading provider of outsourcing solutions for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector, and Digital Insight Corp., the leading online banking provider, announced today that they have renewed and expanded their long-standing strategic partnership. Under the terms of the agreement, BISYS has extended its endorsement of Digital Insight's consumer Internet Banking and Business Banking solutions for community and regional bank clients. In addition, BISYS has integrated two key new Digital Insight products into its suite of outsourced banking services: a multi-channel loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. system and a high-end corporate banking solution. As a full-service outsourcing provider, BISYS regularly integrates new products into its core banking offering to address changing client and market needs. The new Digital Insight products will enable BISYS client banks to better leverage their internet channel The Internet Channel is a version of the Opera 9 web browser for use on the Wii by Opera Software and Nintendo.[1] On December 22, 2006, a free beta version (promoted as a "trial version") of the browser was released. to drive new business and increase fee revenue. The addition of Digital Insight's DeskTopLender Premium, an end-to-end loan origination system, will provide BISYS clients with a multi-channel solution for automating underwriting decisions, streamlining front- and back-office processes and reducing processing costs. With greater efficiency in their loan operations, BISYS clients will be able to generate increased loan volumes while freeing their loan officers to focus on customer retention, cross-sales, and new business development. With Digital Insight's licensed or hosted Corporate Banking solution, BISYS client banks will be able to offer corporate customers sophisticated online banking services, including a wide range of cash management, electronic report delivery, foreign exchange trade, and transaction initiation options. These advanced capabilities will provide BISYS clients a competitive advantage in attracting and retaining corporate customers. BISYS Information Services See Information Systems. President, Bill Neville, said, "Our partnership with Digital Insight is based on a shared commitment to helping banks achieve higher returns from their internet channels. Digital Insight's solutions have served BISYS clients well, enabling them to establish a competitive presence on the Internet. By continuing to add new products from Digital Insight, these banks can leverage their investment in online channels to increase market share and grow fee-based revenues. We believe the decision to renew and expand our alliance with Digital Insight makes good business sense for both companies and will result in increased growth and profitability for our mutual clients." "That a prominent core processor such as BISYS chose to renew and expand its partnership with Digital Insight is testament to our ability to provide regional and community banks with the technological tools they need to compete for and win market share," said Digital Insight Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Jeff Stiefler. "Working with BISYS for more than seven years, we have built a successful distribution model that enables us to leverage our capabilities for the benefit of our mutual clients. We remain enthusiastic about our business alliance with BISYS and are committed to helping its client banks grow their businesses." About Digital Insight Digital Insight(R) Corporation is the leading online banking provider for financial institutions. Through its comprehensive portfolio of Internet-based financial products and services built upon the company's unique architecture, Digital Insight enables banks and credit unions to become the trusted transaction hub for their retail and commercial customers. Digital Insight offers consumer and business Internet banking, online lending, electronic bill payment and presentment, check imaging, account-to-account transfers, Web site development and hosting and marketing programs designed to help increase online banking end user growth and more. Each Digital Insight product and service reinforces the strength of its financial institution clients. About BISYS Banking Solutions BISYS provides banks of all sizes and charters with innovative outsourcing solutions that support their evolving requirements. Partnering with BISYS provides banks with state-of-the-art core banking applications integrated with more than 80 high-demand products and services, best-practices operations, and the guidance and expertise to achieve business objectives. BISYS' proven technology and business leadership are why its core information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. platform is the only one endorsed by the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and (ABA Aba (ä`bä), city (1991 est. pop. 264,000), SE Nigeria. It is an important regional market, a road and rail hub, and a manufacturing center for cement, textiles, pharmaceuticals, processed palm oil, shoes, plastics, soap, and beer. ), through its Corporation for American Banking (CAB) subsidiary, as the recommended solution for community banks. For more information, visit www.bank.bisys.com. About BISYS The BISYS Group, Inc. (NYSE NYSE See: New York Stock Exchange : BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin ) provides outsourcing solutions that enable investment firms, insurance companies, and banks to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. . Its Investment Services group provides administration and distribution services for mutual funds, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , private equity funds, retirement plans and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. , disability, and annuity products. BISYS' Information Services group provides industry-leading information processing, imaging, and back-office services to banks, insurance companies and corporate clients. Headquartered in New York, BISYS generates more than $1 billion in annual revenues worldwide. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting The BISYS Group, Inc.'s operations, markets, services and related products, prices and other factors discussed in The BISYS Group, Inc.'s periodic filings with the Securities and Exchange Commission. |
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