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Fiserv to strengthen New York Community Bancorp’s banking capabilities

Todd Horvath, president, Bank Solutions, Fiserv

Fiserv Inc, the provider of financial services solution, has announced that New York Community Bancorp( NYCB) will convert to a modern, real-time core platform and integrated suite of digital banking and payment solutions from Fiserv. The parent company of New York Community Bank, NYCB, with $51.2 billion in assets, plans to advance its retail banking and commercial lending capabilities with this move to Fiserv’s DNA Core Platform.

The Bank will also shift from in-house processing to an ASP model hosted by Fiserv to enhance efficiency, simplify operations and support continued growth.

“Modernizing and streamlining our technology with Fiserv will enable us to meet the heightened digital expectations of depositors and commercial customers while enhancing efficiency and strengthening our competitive position,” said Barbara Tosi-Renna, Assistant Chief Operating Officer, New York Community Bancorp, Inc. “We chose Fiserv because their solutions, integration and expertise put us in the strongest position to succeed in our fast-changing marketplace.”

The move will see New York Community Bank shift to DNA, a continuously available real-time core platform built on an open architecture, and add integrated digital solutions from Fiserv including Commercial Center for commercial cash management and business banking, and the open, real-time Dovetail Payments Platform. The Bank also will move existing in-house solutions including the Corillian Online and Mobiliti digital banking solutions from Fiserv to the Bank’s new outsourced environment.

“Fiserv is committed to enabling financial institutions to grow and succeed in an always-connected financial world,” said Todd Horvath, president, Bank Solutions, Fiserv. “New York Community Bank has found a successful niche and is refining their delivery of customer-focused capabilities through technology that enables innovation, efficiency and differentiation that leads to competitive advantage.”

Fiserv recently launched its mortgage process digitalization approach ” Mortgage Momentum” allowing lenders to manage the complex mortgage ecosystem. It was also selected by Banco CTT, the Portugal lender, for its anti-money laundering (AML) solution.

Established in 1984 and headquartered in the US, Fiserv, Inc. is a provider of financial services technology with more than 13,000 clients and 21,000 associates worldwide. The company’s clients include banks, thrifts, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Based in Westbury, NY, New York Community Bancorp, Inc. is a producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank.

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