Tech Type: Bisys Group Signs On Massachusetts Bank

HOUSTON - The Milford (Mass.) National Bank and Trust Co. has signed a comprehensive outsourcing deal with The Bisys Group Inc.

The deal will encompass a wide range of automation services, including core processing, for the $118 million-asset bank.

"Our objective for evaluating automation alternatives was to identify an outsourcing solution that provides integrated, bankwide automation which utilizes the industry's latest technology," said John T. Knierim, senior vice president and chief financial officer at Milford National.

"We were also looking for a single source for our unique automation requirements."

Over 400 institutions use the Bisys product line that Milford National will get. Bisys supports more than 4,000 banking and corporate clients.

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