Encentus Selects Portico Services from Fiserv for its Bank Fintech Software

US-headquartered Fiserv, Inc., a global provider of financial services technology solutions, traded on the Nasdaq under ticker FISV, today said that Encentus Federal Credit Union (Encentus FCU) has selected its Portico services, as per an official announcement.

The Oklahoma-based credit union is switching from its current providers to enhance its operational efficiency, as expected from the use of the technology provided by Fiserv, which will help deliver members an enhanced experience, as explained in the update. Fiserv had also just announced a new appointment to its board, as covered in a separate update from Finance Magnates today.

We believe Fiserv will empower our credit union with the progressive and innovative technology to drive a more rewarding member experience and greater service efficiency.

Enhancing operational efficiency

Products from Fiserv that were selected by Encentus include the Virtual Branch for online banking, Mobiliti for mobile banking, as well as AccountCreate for online account opening, and Mobile Source Capture for mobile deposits.

In addition, Loancierge was selected for lending Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term and eFichency for document archiving, from among the chosen products from Fiserv that are offered in a Software-as-a-Service (SaaS) Software-as-a-Service (SaaS) Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms Read this Term) suite.

Commenting in an official statement, Encentus FCU President and CEO Misty Potter said: "Having the right technology partner is mission-critical for credit unions because it ultimately influences the level of service quality we provide to our members."

Mrs. Potter added: "We believe Fiserv will empower our credit union with the progressive and innovative technology to drive a more rewarding member experience and greater service efficiency."

Mark Sievewright, President of Credit Union Solutions at Fiserv, said in a statement: "Efficient services, innovative technology and strong leadership are key enablers of success for progressive credit unions like Encentus. Fiserv is committed to delivering best-in- class results for Encentus and enabling them to better serve members."