CUSO Serving 14 Credit Unions Chose Modern Core Solution Based on Strong Business Lending Functionality and Advanced Technology to Sustain Growth
LAKE MARY, FL, Jan. 15, 2014 /PRNewswire/ - Harland Financial Solutions, which was acquired by Davis + Henderson Corporation (D+H) in August of 2013, announced that its PhoenixEFE® Core solution has been selected by Business Allied Financial Services, LLC (BAFS), based in Monroe, La.
BAFS is a Credit Union Service Organization (CUSO) currently supporting 14 credit unions throughout Louisiana, Texas and Arkansas, offering comprehensive business lending solutions to its member credit unions. The CUSO is an existing user of Harland Financial Solutions' LaserPro® suite for compliant loan documents, the CreditQuest® commercial loan risk management system and ActiveView® Content Management.
The PhoenixEFE® solution is an integrated enterprise software platform that brings together Harland Financial Solutions' real-time core processing solution with the company's market-leading specialized applications. It is one component of D+H's extensive portfolio of solutions which, through the acquisition of Harland Financial Solutions, has expanded to include three broad service areas: Banking Technology Solutions (Enterprise, Lending), Lending Processing Solutions and Payments Solutions. The capabilities of the PhoenixEFE solution span the functions of the financial institution's entire enterprise.
BAFS plans to leverage the modern, open Microsoft®-centric architecture of PhoenixEFE Core to support its continued growth and improve interface flexibility. Additionally, the strong business lending capabilities of PhoenixEFE Core and tight integration with existing channel solutions from Harland Financial Solutions will enable BAFS to operate more efficiently and effectively.
"As we continue to grow, it's important that our technology keeps pace with meeting the demands of our member credit unions. PhoenixEFE Core, integrated with the existing lending and content management solutions we use from Harland Financial Solutions, will help us better deliver on our core mission of providing our member credit unions with a broad array of cost-effective, high quality financial services designed to the specific needs of business members," said Ricky Guillot, president and CEO of BAFS. "Given our existing relationship with Harland Financial Solutions, we are confident that they are the right partner to support our ongoing growth."
"BAFS represents an exciting addition to the PhoenixEFE Core family within the credit union market. We are thrilled with the opportunity to serve the credit unions supported by this CUSO," said Scott Hansen, executive vice president of marketing, Harland Financial Solutions. "PhoenixEFE Core is the right solution to help progressive credit unions leverage the opportunities available within the business lending segment."
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, business intelligence, branch automation, payment processing, enterprise content management, lending solutions, risk management, compliance, financial accounting, mortgage solutions, and self-service solutions. On August 16, 2013, the company was acquired by Toronto, Canada based D+H (Davis + Henderson Corporation). For more information, please see www.NewFinTechFuture.com.
D+H is a leading North American provider of secure and reliable technology solutions to domestic and global financial institutions, with a reputation for being a trusted partner that helps clients build deeper, more profitable relationships with their customers based on rich industry and market insight, and consumer knowledge. Today, over 6,200 banks and credit unions rely on D+H to deliver solutions across three broad service areas: Banking Technology Solutions (Enterprise, Lending); Lending Processing Solutions; and Payments Solutions. Our integrated, compliant technology solutions enable clients to grow, compete, and optimize their operations, while our forward looking approach helps them stay ahead of the market and anticipate changing consumer needs. D+H is one of the world's top FinTech companies as measured on the FinTech 100 list and recognized on the Branham 300 ranking as one of the top ICT companies in Canada.
Davis + Henderson Corporation is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found at www.dhltd.com and in the disclosure documents filed by Davis + Henderson Corporation with the securities regulatory authorities at www.sedar.com.
The information contained in this press release is accurate at the time of publication. However, service offerings and availability, relationships, contacts and other specified information may change over time.
SOURCE Davis + Henderson Corporation