The Peoples Community Bank selects Finastra to enhance digital capabilities

By Pavithra R

Finastra, a leading financial software solution provider, has announced that The Peoples Community Bank is expanding its relationship with Finastra to provide its customers with enhanced digital capabilities and innovation speed.

Peoples Community Bank and Finastra had been working together for over 20 years, and the community bank is currently upgrading to the Fusion Phoenix core platform and adding Fusion Digital Banking, Fusion LaserPro and other Finastra solutions.

The Peoples Community Bank selected Fusion Phoenix as its open and modern core for bringing new products and services to its customers promptly. Its current core takes months to build whenever the bank seeks to roll out a new service to customers.

Through Finastra’s catalog of open APIs and its relationship with Microsoft Azure, the bank expects to roll out new services and features to its customers quickly. Furthermore, through FusionFabric.cloud, an open developer platform and marketplace, the bank will be able to shop for new innovative services created by Finastra or trusted third-party FinTechs which can be rolled out to customers instantly.

“As a small community bank, being able to leverage a relationship with a large international vendor like Finastra, gives us the assurance that we will remain forward-thinking and competitive. A community bank of our size cannot afford to wait a year or even months to bring new services onto its core platform. Working with an innovator like Finastra will allow us to offer products and services on par with the largest global financial institutions, quickly and easily. Through our relationship with Finastra, we have access to greater agility, innovation, integration, and security compared to working with any other core in the market,” said Quinn Christensen, Senior Vice President, Operations, The Peoples Community Bank.

The Peoples Community Bank has selected the Allied Bill Payment app, developed by Allied Payment Network and Finastra, for real-time bill payment via the digital channel.

“We’ve had the pleasure of working with The Peoples Community Bank for many years, and it is an honor that they continue to put their trust in us as the technology partner to help them grow their business and continue to delight their customers through cutting edge digital banking services. Tapping into an integrated, best-of-suite set of solutions, The Peoples Community Bank will be able to serve its customers with banking products and technologies that work together today and will surpass expectations into the future,” said Chris Zingo, SVP and GM of Americas Field Operations, Finastra.

Recently, Sigma Loyalty Group acquired Finastra’s Enhancement Services business.

Established since 1891, The Peoples Community Bank mission is to be the preferred independent community Bank which meets and exceeds the expectations of its customers and communities, by providing excellent customer service, products and value, while maximising shareholder return, along with maintaining the well-being and satisfaction of employees.