BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv CBS Worldwide, a unit of Fiserv Inc. (Nasdaq:FISV), today
announced that Associated Banc-Corp (Nasdaq:ASBC) recently licensed
the Fiserv CBS core solution.
This new system will be used to process CIF, deposit, consumer and
commercial loans in Associated's Green Bay data center. Associated
will integrate multiple solutions with the Fiserv CBS core solution,
including other Fiserv and third-party products, through the SOA-based
CBS Communicator solution. Additional Fiserv CBS Worldwide solutions
being integrated include CAMplus commercial analysis and CBS
Collections.
"We selected Fiserv CBS Worldwide after an exhaustive vendor
search that included both outsourced and in-house alternatives. We
analyzed the possible options and chose the Fiserv CBS core solution
for three primary reasons - the comprehensive functionality of the
system, the proven track record and the flexibility to easily
customize the system. With the ability to make enhancements quickly,
the CBS core solution will allow us to be nimble and more responsive
to market changes and the needs of the business. Therefore, we are
better able to control our own destiny," said Mark Quinlan, executive
vice president and chief information officer, Associated Banc-Corp.
"Cost efficiency is one of our core competencies. The CBS core
solution will allow us to continue this tradition, while providing
competitive products and services. As Associated continues to grow, we
are confident that the CBS core solution can provide the performance
and functionality necessary."
"A bank of this stature in the Fiserv portfolio signifies our
position as a strong solution provider in the financial services
space. Fiserv continues to leverage our industry experience with
larger players to enable banks such as Associated to simultaneously
maintain the strong customer relationships that they value while
efficiently processing large portfolios," said Dave Santi, president,
Fiserv CBS USA.
About Associated Banc-Corp
Associated Banc-Corp, headquartered in Green Bay, Wis., is a
diversified bank holding company with total assets of $21 billion.
Associated has more than 320 banking offices serving more than 180
communities in Wisconsin, Illinois and Minnesota. The company offers a
full range of traditional banking services and a variety of other
financial products and services. More information about Associated
Banc-Corp is available at www.associatedbank.com.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv, Inc. and delivers
end-to-end business and technology solutions for retail financial
organizations, consumer finance institutions and credit unions
throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada
and the United States. Through its offices in the USA, UK, Poland,
Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica
and Mexico, Fiserv CBS Worldwide enables almost 300 financial
institutions to deliver integrated solutions for managing the entire
customer life cycle from core banking to multichannel customer contact
and data warehousing. Fiserv CBS Worldwide can be found on the
Internet at www.fiservcbs.com.
About Fiserv Inc.
Fiserv Inc. (Nasdaq:FISV), a Fortune 500 company, provides
information management systems and services to the financial and
health benefits industries. Leading services include transaction
processing, outsourcing, business process outsourcing (BPO), software
and systems solutions. The company serves more than 17,000 clients
worldwide and is the leading provider of core processing solutions for
U.S. banks, credit unions and thrifts. Fiserv was ranked the largest
provider of information technology services to the financial services
industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys.
Fiserv Health provides health plan management, pharmacy benefits
management and BPO services to the managed care market and self-funded
commercial and government employers and health plans. Headquartered in
Brookfield, Wis., Fiserv reported more than $4 billion in total
revenue for 2005. For more information, please visit www.fiserv.com.
Source: Fiserv Inc.
Contact: Fiserv CBS Worldwide
Carol Cowan, 407-514-1146
carol.cowan@fiserv.com
or
Associated Banc-Corp
Dan Klein, 920-431-8029
dan.klein@associatedbank.com