BISYS PROVIDES OUTSOURCING SOLUTIONS FOR FINANCIAL SECTOR.BISYS, a provider of business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in 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, has entered into a multi-year outsourcing agreement with Cincinnati-based Peoples Community Bank. Following a comprehensive evaluation of the leading outsourcing providers, Peoples Community Bank, which has assets of approximately $738 million as of September 30, 2003, selected BISYS to provide enterprise-wide information processing services and technology. BISYS' relational database core processing platform will support Peoples Community Bank with an extremely flexible technology infrastructure, improved data access, and the advanced capabilities necessary to support its customers with more personalized service. The bank also will initially implement several of BISYS' integrated ancillary products, including Internet and telephone banking, and data warehousing solutions. According to Jerry D. Williams, 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. of Peoples Community Bank, "After evaluating multiple vendors, we narrowed our evaluation to include four leading providers and ultimately selected BISYS based on its flexible and scalable core processing solution. We believe the system's inherent ease-of-use and its advanced technology will enable us to better support our growing customer base. BISYS also has an excellent reputation for service and support. As we work to proactively meet the changing needs of our customers, we want a technology partner that fully understands our operational requirements, and can provide the banking and business solutions required to support our ongoing growth." Bill Neville, president of BISYS Information Services See Information Systems. , reported, "Our fundamental goal is to support progressive institutions like Peoples Community Bank with the technology and support necessary to achieve their growth, performance, and service goals. After a comprehensive and professional evaluation of our outsourcing services, Peoples Community Bank recognized that BISYS' Internet-accessible banking solutions, core functionality, and suite of more than 70 integrated ancillary products will enable it to deliver the high-demand products and services its customers want. We are pleased to add Peoples Community Bank to our client roster and welcome the opportunity to support its evolving, growth-focused business needs." About Peoples Community Bank Peoples Community Bancorp, Inc., headquartered in West Chester, Ohio West Chester, Ohio, can refer to:
Peoples Community Bank can be found on the World Wide Web at http://www.pcbionline.com. About BISYS Banking Solutions BISYS is a provider information processing solutions, integrating core banking applications with more than 70 best-of-breed ancillary products. BISYS' bank-wide automation supports commercial and retail banking, electronic and Internet-based transactions, branch services, customer relationship management, data warehousing, executive decision-support, and imaging. BISYS continually enhances the functionality of its banking solution by integrating new ancillary products and advancing technologies. 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), through its Corporation for American Banking (CAB) subsidiary, exclusively endorses BISYS' core information processing solution as the recommended solution for community banks. 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 ), headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , provides business process outsourcing solutions that enable investment firms, insurance companies, and banks to capitalize on convergence by entering new segments of the financial services industry. BISYS currently supports more than 22,000 domestic and international financial institutions and corporate clients through three business units. Its Investment Services group provides administration and distribution services for approximately 370 clients, representing approximately 2,100 mutual funds, hedge funds, private equity funds, and other alternative investment products with approximately $700 billion in assets under administration. BISYS' largest group also provides retirement services to more than 17,000 companies in partnership with 40 of the nation's leading banks and investment management companies, and offers analytical research and competitive intelligence through its Financial Research Corporation (FRC FRC abbr. functional residual capacity FRC see functional residual capacity. ) subsidiary. Through its Insurance and Education Services group, BISYS is the nation's largest independent distributor of life insurance and a provider of the support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services required to sell traditional and variable life, 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 is also the nation's second largest independent wholesale broker of commercial property/casualty insurance. This group complements its insurance distribution services with a comprehensive compliance management solution that supports insurance and investment firms and professionals with more than 215 certification and continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). training courses, and a suite of products and services that automates the entire licensing process. BISYS' Information Services group supports approximately 1,450 banks, insurance companies, and corporations with information processing and imaging solutions, turnkey asset retention solutions, and specialized corporate banking solutions. The BISYS Group can be found on the World Wide Web at Web site: http://www.bisys.com/ For more information, call 781/829-8000. |
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