Fiserv CBS Worldwide today announced that Banco Facil, the new banking unit of Sherman Financial Group, a leading U.S. financial company, and Grupo Comercial Chedraui, a large Mexican retailer, has selected the Fiserv CBS Worldwide International Comprehensive Banking System (ICBS) as its core banking solution and Fiserv Aperio for business process management and customer relationship management (CRM).
Fiserv ICBS was selected because of its reputation for delivering large scale projects on time and within budget, its process-oriented technology, universal functionality and strong references, particularly with banks requiring deep functionality.
Sadi Lara, president of Banco Facil, said, "We were looking for a flexible and process-oriented solution and found the Fiserv customer interaction management solution, Fiserv Aperio, along with the ICBS core solution to be exactly what we needed. Banco Facil will have unique processes and front-end services for CRM thanks to the Fiserv solutions, which will provide us with the technology we require to execute our business strategy and achieve our plans."
Banco Facil's branches will be located inside the Grupo Chedraui stores throughout Mexico and in other locations outside the stores. The bank will offer a wide range of products and services through multiple delivery channels via Fiserv Aperio. When implementation is completed in the fall, Fiserv ICBS is expected to improve back office efficiencies with a cost effective platform and robust functionality processing 1 million accounts and supporting more than 100 branches. Fiserv will also provide the bank with treasury, securities administration, anti-money laundering and internet banking functionalities.
Dan Alf, managing director, Latin America, Canada and the Caribbean, Fiserv CBS Worldwide, said, "We continue to experience success in Mexico and Latin America. Banco Facil's selection of Fiserv is a confirmation that our product strategy is meeting the needs of the region and that our clients clearly see it as a competitive advantage. We are proud to be Banco Facil's technology partner."
About Bánco Facil
Bánco Facil is the new banking unit of Sherman Financial Group, a leading US financial company, and Grupo Comercial Chedraui, a large Mexican retailer with operations supported through 94 stores.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 18,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at http://www.fiservcbs.com/.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.5 billion in total revenue for 2006. For more information, please visit www.fiserv.com.
