Magyar Bank of New Brunswick, N.J., has reached an agreement to use a suite of products from Fiserv (FISV).
The $520 million-asset bank expects to reduce the number of third-party vendors it employs, Fiserv said Wednesday. The deal includes the bank using Fiserv's Cleartouch bank platform, which provides analytics and workflow capability, and several other products including Director for electronic content management, Branch Source Capture and Merchant Source Capture for remote deposits and AML Manager for risk management.
Magyar will also use the Fiserv Clearing Network for image exchange, Relationship Pricing for relationship management and eStatements for electronic documents and item processing.
The bank currently utilizes Fiserv's CheckFree RXP for bill payment.