Company Release - 11/15/2006 09:00
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv CBS Worldwide, a unit of Fiserv Inc. (Nasdaq:FISV), today announced that Associated Banc-Corp (Nasdaq:ASBC) recently licensed the Fiserv CBS core solution.
This new system will be used to process CIF, deposit, consumer and commercial loans in Associated's Green Bay data center. Associated will integrate multiple solutions with the Fiserv CBS core solution, including other Fiserv and third-party products, through the SOA-based CBS Communicator solution. Additional Fiserv CBS Worldwide solutions being integrated include CAMplus commercial analysis and CBS Collections.
"We selected Fiserv CBS Worldwide after an exhaustive vendor search that included both outsourced and in-house alternatives. We analyzed the possible options and chose the Fiserv CBS core solution for three primary reasons - the comprehensive functionality of the system, the proven track record and the flexibility to easily customize the system. With the ability to make enhancements quickly, the CBS core solution will allow us to be nimble and more responsive to market changes and the needs of the business. Therefore, we are better able to control our own destiny," said Mark Quinlan, executive vice president and chief information officer, Associated Banc-Corp. "Cost efficiency is one of our core competencies. The CBS core solution will allow us to continue this tradition, while providing competitive products and services. As Associated continues to grow, we are confident that the CBS core solution can provide the performance and functionality necessary."
"A bank of this stature in the Fiserv portfolio signifies our position as a strong solution provider in the financial services space. Fiserv continues to leverage our industry experience with larger players to enable banks such as Associated to simultaneously maintain the strong customer relationships that they value while efficiently processing large portfolios," said Dave Santi, president, Fiserv CBS USA.
About Associated Banc-Corp
Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified bank holding company with total assets of $21 billion. Associated has more than 320 banking offices serving more than 180 communities in Wisconsin, Illinois and Minnesota. The company offers a full range of traditional banking services and a variety of other financial products and services. More information about Associated Banc-Corp is available at www.associatedbank.com.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv, Inc. and 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 almost 300 financial institutions to deliver integrated solutions for managing the entire customer life cycle from core banking to multichannel customer contact and data warehousing. 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 systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 17,000 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. Fiserv Health provides health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.
Source: Fiserv Inc.
Contact: Fiserv CBS Worldwide Carol Cowan, 407-514-1146 firstname.lastname@example.org or Associated Banc-Corp Dan Klein, 920-431-8029 email@example.com