Fiserv, Inc. (FISV) recently announced that Randolph-Brooks Federal Credit Union (RBFCU) has chosen to implement the Acumen account processing solution from Fiserv.
Fiserv, which competes with Fidelity National Information Services Inc. (FIS), assists financial institutions and health plan administrators in managing their information systems, thus helping them deliver services to their customers efficiently.
Randolph-Brooks Federal Credit Union is a $4.3 billion institution and is the sixteen-largest credit union in the U.S. RBFCU selected Acumen due to its advanced architecture, scalability and member-centric design, as well as the scale, support and expertise of Fiserv as key decision factors.
Assets have increased by 64% for RBFCU in the last four years and its membership increased by 38% to more than 350,000 diverse members in South Central Texas.
Acumen is the newest choice in account processing for credit unions from Fiserv. This technology is designed to meet the needs of the largest and most progressive credit unions.
Earlier, Fiserv launched Data Vaulting, a solution that delivers secure and efficient data backup, storage and recovery for banks and credit unions. Data Vaulting supports compliance with regulations governing the security, transportation, storage and accessibility of data. It has become increasingly important for financial institutions to minimize downtime and manage regulatory requirements related to data security.
Data Vaulting offers deployment options tailored to the data protection and business needs of a financial institution.
The company continues to emphasize long-term client relationships and recurring, transaction-oriented products and services, which, in turn help it combat the pressure from the consolidation of financial institutions.
Furthermore, Fiserv enters into multi-year agreements with its customers to lock in the contribution to the top-line for a stipulated period of time.
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