NORCROSS, Ga. - Servantis Systems Inc., a supplier of software and services to financial institutions, recently reassigned an executive to head its home banking group.
Alix Hoffman will lead the sales effort for the revamped home banking software and services unit.
Mr. Hoffman, a Servantis employee for three years, was most recently senior vice president overseeing the unit that supplies check processing products and services. He has also worked at NCR Corp. and Banctec Inc.
Servantis, which has been providing bill payment software and transaction processing services for several years, recently amplified its offerings to meet the new swell of interest from banks.
It has put its transaction processing services and its PC-based home banking and bill payment software under an umbrella unit, the Bank Street division.
Financial institutions Servantis has already signed on for its home banking services include Chevy Chase Bank, Meridian Bank, American Savings and Loan, NationsBank, Wells Fargo & Co., Bank of America, PaineWebber, Anchor Savings Bank, Toronto Dominion Bank, and Prudential.
The deals provide "value-added service ... with minimum investment and very little risk," Mr. Hoffman said.
"A bank can choose to initially outsource its entire home banking process to us to avoid risk," he said. Later, he said, when transaction volumes rises and customer relationships have been built, Servantis can help the banks bring the services in-house, if they want to.
Servantis' system integrates with all the popular software packages for personal financial management: Intuit Inc.'s Quicken, Microsoft Corp.'s Money, and Meca Software Inc.'s Managing Your Money.