Fiserv CBS Worldwide Sri Lanka Client Upgrades Core and Teller Applications
December 31, 2007
Brookfield, Wis., December 31, 2007 - Fiserv CBS Worldwide, a division of the Fortune 500 company, Fiserv, Inc. (NASDAQ: FISV), announced today that Commercial Bank of Ceylon Ltd. will upgrade its International Core Banking Solution (ICBS) to version 8.1 and its front-end teller solution (CBS Teller) to version 2.0, both of which are provided by Fiserv CBS Worldwide.
A successful growth-oriented bank in Sri Lanka with 161 branches and $2.4 billion in assets, Commercial Bank of Ceylon has been a Fiserv client for more than 13 years. The combination of ICBS and CBS Teller will enable the bank to provide improved services to its customers. The .NET Smart Client teller solution supports a central server setup, which eliminates the need to have a teller server in each branch and streamlines operations.
“By centrally managing the administration of teller functions, we will be able to control and standardize the processes for each branch from one main location,” said Ajith Wijayasundara, head of Information Technology, Commercial Bank of Ceylon. “The most important benefit of this upgrade, however, is the reduction in hardware and corresponding support costs that will result from this implementation.”
A loyal client of Fiserv, this is the third upgrade that Commercial Bank of Ceylon has undertaken since becoming a client in 1993.
“The confidence that Commercial Bank of Ceylon continuously exhibits for Fiserv CBS Worldwide solutions, people and support is a great reflection of our strategic relationship with the bank,” said David Hamilton-Matthews, managing director, Fiserv Asia-Pacific. “By recognizing the advantages of the new functionality that will be provided to the bank from our latest releases, Commercial Bank of Ceylon continuously demonstrates leadership in innovation for both the bank and their customers.”
The upgrade of both ICBS V8.1 and CBS Teller V2.0 has already begun at the bank and is expected to be completed by the middle of 2008.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 21,000 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 www.fiservcbs.com.
About Fiserv, Inc. Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company serves more than 21,000 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. In 2007, the company completed the acquisition of Checkfree, a leading provider of electronic commerce services. Fiserv and Checkfree had more than $4.5 billion in combined pro forma total revenue for 2006. For more information, please visit www.fiserv.com.
