The bank said that with the launch of new banking tool, it can conveniently offer a large selection of products and services in a community bank environment.
Magyar Bank has selected a comprehensive suite of Fiserv solutions, such as Director for electronic content management, Branch Source Capture and Merchant Source Capture for remote deposits, AML Manager for risk management.
The bank has also deployed the Fiserv Clearing Network for image exchange, Relationship PricingSM for relationship management, eStatements for electronic document delivery and item processing solutions and currently utilizes CheckFree RXP for bill payment.
According to $520m bank, the new solutions will provide integrated document management, source capture, risk and compliance management, relationship management and item processing.
Magyar Bank president and chief executive officer John Fitzgerald said Fiserv solutions will help the bank to streamline its processes and increase efficiencies.
"Fiserv delivers technology that aligns with changing consumer preferences, and Magyar Bank stands to benefit from that innovation," Fitzgerald added.
