EverBank’s Early Adoption Of Metavante Global Banking Technology Supports Long-Term Growth Strategies
Bank advances strategic relationship with Metavante through extended services agreement
MILWAUKEE, Feb. 4, 2009 - Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that EverBank Financial Corp has extended its relationship with Metavante Corporation that includes signing up for Global Banking technology as part of the renewal of its long-term, multi-services core banking agreement. With assets exceeding $7 billion, EverBank is one of the banking industry's fastest-growing, high-performing and diversified financial service providers, delivering innovative banking, lending and investment products and services to over 450,000 customers.
EverBank will become an early-adopter of the Global Customer Information Management (CIM) product, which is a component of Metavante's next-generation core processing solution, the Global Integrated Banking Suite. EverBank will continue to use Metavante's client-centric core banking platform as well as advanced Internet banking services through Metavante's Consumer and Business eBanking solutions. With the Internet being EverBank's primary delivery channel, the Metavante eBanking and Global CIM solutions can enable the complete integration of customer information to facilitate a more comprehensive view of EverBank's relationships in an easier-to-use design. This combination of Metavante customer solutions can provide EverBank with the advanced capabilities and technologies needed to help meet the bank's growth objectives. By providing a real-time, extended enterprise view of the bank's customers, related parties and potential customers, the Global CIM solution will allow EverBank to leverage this information across channels, accounts and relationships to better anticipate and serve its customers' needs.
“We are a forward-thinking company, and our disciplined business model contributes to our stability and significant growth despite volatile market conditions,” said Blake Wilson, president and chief financial officer, EverBank Financial Corp. “From the start, we've aligned with industry leaders equally committed to exceptional service and proven expertise—continued strategic partnerships with trusted providers like Metavante that deliver innovative, scaleable technology solutions help us to achieve our success.”
A Metavante client since 1998, EverBank has extensively leveraged Metavante-powered technologies to assist its organization's continued growth and competitive-edge in the marketplace. EverBank's relationship with Metavante includes several other products and services, including: core processing services, customer relationship management, risk and compliance, lending, electronic banking, card based processing, card personalization, electronic payments, electronic funds transfer, and check image solutions. EverBank is also a member of the NYCE Payments Network, LLC, a leading U.S. debit card payments network and a Metavante company.
“Amid continued struggles in navigating the changing face and landscape of U.S. banking, financial institutions are continuing to make investments that improve their ability to differentiate themselves and provide the best possible service to customers,” said James Bolton, group president, Metavante Financial Solutions. “Through its constant pursuit of company growth and industry innovation powered by banking and payments technology expertise, EverBank is positioning itself to better compete and serve its customers.”
Metavante Banking Solutions offers one of the most comprehensive sets of integrated products and services for financial service providers that are centered on core customer and account management, specializing in deposit, loan and trust accounts. Metavante also provides flexibility in deployment options, including licensed in-house software and a variety of outsourcing or servicing options. Solutions offered include: core account processing, fully integrated delivery channels, business and marketing analytics, electronic banking, integrated payments, image, risk and compliance solutions, along with business and technology consulting. Metavante is making extensive investments in the future of U.S. banking by bringing global banking characteristics, such as multiple language, multi-currency and continuous processing, to the U.S. financial institutions market through its banking solutions. Metavante Banking Solutions serves over 1,500 financial services providers, ranging from community banks to the top 50 U.S. banks.
EverBank Financial Corp, and its EverBank subsidiaries, is a privately-held thrift holding company headquartered in Jacksonville, Florida offering innovative banking, lending, and investment products and services of exceptional value. The company's balanced mortgage banking and deposit banking platforms provide diverse revenue streams with proven success in a variety of market conditions. As of December 31, 2008, the company has $7.1 billion in total assets and approximately $5 billion in total deposits. For more information on the EverBank Family of Companies, log on to EverBank.com.
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to over 8,000 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, outsourcing, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network. Metavante (www.metavante.com) is headquartered in Milwaukee.