Third Federal Savings and Loan partners Fiserv for core banking upgrade
US bank Third Federal Savings and Loan has tapped Fiserv for its DNA core banking system to support its digital transformation efforts.
Third Federal to adopt Fiserv’s DNA core
The DNA platform leverages open architecture and a customer-centric data model to deliver real-time transaction processing, and will be used by the Cleveland-based bank to accelerate new product development, and “improve operations and efficiency”, according to a statement by Fiserv.
“The platform will better equip Third Federal to serve account holders through future-ready technologies and real-time transactions via all channels, propelling customisation and growth,” the vendor adds.
Established in 1938, Third Federal offers a range of savings, retirement, and checking accounts, along with various mortgage options, and manages around $17 billion in assets.
Third Federal joins a host of financial institutions which have adopted Fiserv’s DNA core, including Navigant Credit Union, Great Southern Bank, and Noble Credit Union.
The bank’s selection comes shortly after Fiserv named former PNC executive Michael P. Lyons as president and CEO-elect, succeeding Frank Bisignano, who was recently appointed commissioner of the US Social Security Administration.
