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Fiserv CBS Worldwide announced that it has successfully converted the Trinidad & Tobago Mortgage Finance Company Limited (TTMF) and the Housing Development Corporation (HDC), an agency of the Ministry of Housing (MoH) of Trinidad and Tobago, to the ICBS core processing solution.
Fiserv ICBS was chosen by TTMF and the HDC for its functionality, quality of technology, Fiserv’s experienced team of experts and the ability to provide all information in a single enterprise-wide database. Fiserv’s fully-integrated architecture also offered significant cost advantages to TTMF and HDC compared with other products on the market. In addition to ICBS, both entities are also using the Fiserv CBS Collections solution to automate the tracking, collection and reduction of past due accounts.
“It was a pleasure and a great learning experience for our staff working with the professionals of Fiserv’s implementation team,” said Ernest Williams, IT Director, Ministry of Housing of Trinidad and Tobago. “The success of our implementation at HDC is in large part attributable to the team’s strength and persistence. We are looking forward to our continued interaction with Fiserv’s professionals as we implement applications at our other agencies."
Beginning in 2002, MOH’s macro goal has been to progressively increase loans for each of the next ten years. MOH, whose mission is to “provide quality housing for quality living,” believes Fiserv can help it meet and exceed its aggressive growth plans. The new Fiserv solutions will also ensure the units are properly managed.
Dan Alf, Managing Director, Latin America, Canada and the Caribbean, Fiserv CBS Worldwide, said consolidating processing across multiple institutions while increasing automation has tremendous benefits for the organizations.
“Besides becoming more efficient, these entities have instituted a number of processes and procedures to improve financial controls and security,” said Alf.“They have made a number of improvements in the way they process information and provide management reporting. This will help them meet their goals of reducing costs, improving decision-making using better data, and providing a more responsive service to their clients.”
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 18,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.5 billion in total revenue for 2006. For more information, please visit www.fiserv.com.
