VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that $700 million Evans Bank selected CoreSoftâ„˘ to replace its legacy core platform.
Online PR News – 26-October-2012 – Mississauga – CHICAGO, Oct. 11, 2012 â€“ VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, has announced that $700 million Evans Bank selected CoreSoftâ„˘ to replace its legacy core platform.
Hamburg, N.Y.-based Evans Bank was looking for a more flexible, performance-driven platform that would boost its competitive edge by improving customer service and enhancing its speed to market for new services and tools. After carefully analyzing several available core platforms, the bank selected VSoft because of its technology advantages, its flexible, scalable foundation and its commitment to the financial industry.
â€śOur current platform was developed nearly 20 years ago, and we realized a change was necessary to differentiate ourselves and enhance our competitiveness strategically. We needed a provider that could deliver the robust product capabilities on a system that is easy to understand, use and support,â€ť said David Nasca, president and CEO of Evans Bank. â€śWe are pleased to work with VSoft for our new core platform, and believe that the Partnership will provide the expertise and support that we need to excel.â€ť
Howard Martin, CIO of Evans Bank, noted, â€śCoreSoft is a browser-based system developed in service-oriented architecture that will support Evans Bankâ€™s multiple delivery channel real-time transactions, and provide proven regulatory compliance standards and robust reporting capabilities. CoreSoft has advanced systems features and technology supporting best of breed system integrations.â€ť Mr. Nasca continued, â€śThe bank plans to leverage CoreSoftâ€™s comprehensive 360-degree view of customer relationships with next generation CIF to improve service, ensure continued customer retention and accommodate growth in the Western New York marketplace.â€ť It is expected that this new core platform will be implemented during the second half of 2012.
â€śAs a growing community institution dedicated to fostering relationships with customers and their communities, Evans Bank is an excellent fit for CoreSoftâ€™s open and performance enhancing infrastructure,â€ť said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. â€śThe platform is designed for community-focused financial institutions, enabling them to meet their immediate goals while also providing them with the needed flexibility and scalability to attain long-term growth strategies.â€ť
CoreSoft can be implemented as an in-house solution, giving any financial institution the freedom to maintain and configure hardware preferences, or as an outsourced model, providing significant capital cost savings at VSoftâ€™s data center, VServe, using one of two models ASP (application service provider) or SaaS (software as a service). For more details on CoreSoft, visit - http://paystation.ca/about/products/core-processing/coresoft/
About Paystation Inc.:
Paystation is an Information Technology (IT) provider, specializing in payment solutions that include Canadian cheques processing, electronic funds transfer for businesses and financial institutions . Paystations solutions portfolio covers a broad range of applications â€“ deposit capture, mobile capture, remote deposit capture, covering core processing, distributed capture, cheque processing, remittance processing, paper shredder and document imaging. For more information, visit - http://paystation.ca/