DENVER - Robin H. Smith, former senior vice president at Fiserv Inc., has been named president and chief executive of Formation Technologies Inc., a leading provider of compliance, loan origination, and platform automation systems.
Mr. Smith, who helped introduce a Windows-based cash management system at Fiserv, intends to use his expertise to expand Formation's product offerings in emerging markets, such as remote banking. One of his priorities is to forge new alliances with providers of such services.
Another is to strengthen the company's financial industry offerings by consolidating its products into a single line, called the Pedestal series.
The Denver-based subsidiary of John H. Harland Co. already offers the Pedestal system, an integrated loan origination and platform automation software package.
Mr. Smith said consolidation to a single product line will improve customer support, and make it easier to introduce product enhancements, such as object-oriented programming. - Tracey Tucker and Matt Barthel