Fiserv announced Thursday that First National Bank of Long Island is using its Common Origination Platform.
The Brookfield, Wis., bank tech provider said the technology gives lenders a complete view of borrowers across financial services products. The software will manage First National's consumer, business and mortgage loans.
The Glen Head, N.Y., bank has been a client of Fiserv since 1987.
"Common Origination Platform has the capabilities financial institutions need as they adjust to the current loan origination landscape," Kevin Collins, a division president of lending solutions at Fiserv, said in a press release. He added that the origination tool will help First National drive down operational costs, reduce redundant processes and satisfy regulatory demands.
