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Capitol Federal Savings Bank Chooses MISER

Thursday 2 March 2006 10:13 CET | News

Capitol Federal Savings Bank has signed a 66-month agreement to run FIS MISER in- house core processing solution. Capitol Federal, a 112-year-old institution with $8 billion in assets and 37 branches, had been relying on an internally developed core processing system since the early 1970s. However, certain components of their existing system could no longer be upgraded in a cost-effective manner, and the decision was made to replace the entire system.

Because the bank was one of only a few institutions in the $1 billion to $10 billion range still running an internally developed system, the decision makers anticipated that the installation would present different challenges than the average conversion. For that reason, they developed an aggressive software selection methodology, interviewing a large number of existing users and evaluating functionality in an extremely thorough manner. The MISER solution is a real-time, open and integrated core processing solution designed to speed processing, manage workflow and automate banking functions. Developed for mid-tier to large institutions with complex business and operational needs, the solution delivers the ability to offer complete deposit and lending products. In addition, MISER includes advanced online reporting and analysis tools and capabilities to help institutions manage the customer relationship.


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Categories: Payments & Commerce
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Payments & Commerce