First Citizens Bank of Iowa and Minnesota has extended its partnership with Finastra and migrated its Fusion Phoenix core solution to the cloud, aiming to improve operational efficiencies, automate processes, and enhance customer experience.
Facts
- First Citizens Bank of Iowa and Minnesota has expanded its collaboration with Finastra to migrate its Fusion Phoenix core solution from on-site hosting to the cloud.
- The bank aims to improve operational efficiencies, automate internal processes, and deliver a better customer experience through the implementation of new core functionalities.
- Finastra’s core banking solution, Fusion Phoenix, is available in the cloud through Microsoft Azure, offering accelerated time to market and a cost-effective path to deploy new products and open banking functionalities.
- Fusion Phoenix’s open model provides the bank with the flexibility to compete with larger banks and quickly adapt to emerging opportunities, according to Keith Redding, Chief Revenue Officer, Universal Banking at Finastra.
- Through the migration to the cloud, First Citizens Bank will be able to focus more closely on delivering financial well-being for everyone, as stated by Joleen Fleming, Chief Operations and Retail Officer at First Citizens Bank.
