Laurentian Bank Implements Fiserv InformEnt to Establish Stronger, More Personalized Ties With Its Clients.Business EditorsPITTSBURGH--(BUSINESS WIRE)--May 22, 2000 Fiserv, Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ) today announced that it will provide its InformEnt data warehouse to Laurentian Bank of Canada The Laurentian Bank of Canada (Banque Laurentienne du Canada) TSX: LB is a Schedule I bank in the province of Quebec. (It also has one branch in Ottawa, Ontario). to develop and implement an enterprise-wide integrated information management solution. "With this investment, Laurentian Bank pushes even further ahead in integrating new technologies and applications to offer high-quality financial products and services to its clients and partners. Laurentian Bank, through its B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Trust subsidiary, thus confirms its position as a wholesaler of financial products and services," said Henri-Paul Rousseau, Laurentian Bank President and Chief Executive Officer. "This approach reflects our desire to open new markets and consolidate and increase our market share using new banking practices in order to enjoy vigorous, profitable growth in coming years." The InformEnt system will give Laurentian Bank a source of standardized data from all its divisions and departments. A complete software package, it includes a 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. model designed specifically for financial institutions and covering all aspects of the company's activities. Its features include powerful tools for analyzing the company's performance and profitability and for linking specialized and historical data. Drawing on this data source, Laurentian Bank and its sectors will be able to analyze and manage marketing opportunities, product and structure profitability, credit risk and more. Among its many advantages, the data warehouse fosters more effective decision making, more personalized service and better customer relationships. "Fiserv is pleased that our information management system has reached a global scale and is meeting the needs of international as well as U.S. banks. By partnering with Laurentian Bank, a recognized leader in the Canadian banking industry, Fiserv looks forward to helping the bank efficiently gather, transform and link key data to improve decision making and results," said Paul Brammeier, President of the Fiserv InformEnt business unit. "The data warehouse is the cornerstone of a global solution that, when fully implemented, will integrate the functionality of the customer information file (CIF (1) (Common Intermediate Format) A standard video format used in videoconferencing. CIF formats are defined by their resolution, and standards both above and below the original resolution have been established. The original CIF is also known as Full CIF (FCIF). ) and customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) to build stronger, more personalized ties with clients," said Rousseau. "And InformEnt will help us achieve this integration, as well as increase our competitive advantage." The customer information file identifies each client uniquely. The file contains all the information about the client's business relationship with the bank and allows the bank to serve the customer better, whichever distribution channel is used. Customer relationship management functions make it possible, among other things, to offer highly personalized services to clients and better manage the quality of these services. This global solution opens the door to integrated Internet-based banking applications for clients, partners and intermediaries. Founded in 1846, Laurentian Bank ranks seventh among Canadian Schedule I banks, with assets of over $15 billion Canadian. In the last 10 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time bank has experienced a level of growth that has nearly tripled its balance sheet assets and increased its assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. tenfold tenfold Adjective 1. having ten times as many or as much 2. composed of ten parts Adverb by ten times as many or as much Adj. 1. . The bank offers highly competitive products and superior, personalized service to meet the banking and financial needs of individuals and small and medium-sized businesses. Laurentian Bank can be found on the Internet at www.laurentianbank.com. Fiserv, Inc. (Nasdaq: FISV) is an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system IDP automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 10,000 financial services providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin
Brookfield is a city in Waukesha County, Wisconsin, United States. The population was 38,649 at the 2000 census, but the city's population recently exceeded 40,000 people. , Fiserv also can be found on the Internet at www.fiserv.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion