Drive Growth and Enhance Customer Experience with a Modern, Cloud-Based Core Banking Platform
Logan, Utah – March 8, 2023 – Cache Valley Bank, a leading community bank in Utah and Idaho, has partnered with Finastra to embark on a comprehensive end-to-end technology transformation that will enhance its operational efficiency, improve customer service, and drive growth.
Seamless Integration for a Superior Banking Experience
Cache Valley Bank will implement Finastra’s Fusion Essence, a cloud-based core banking platform, to streamline its core banking processes, enhance customer data management, and improve risk management capabilities. This integrated solution will provide a unified view of customers across all channels, enabling personalized banking experiences and faster time-to-market for new products and services.
The technology transformation will also include Finastra’s Fusion Digital Banking solution, which will empower customers with self-service capabilities, real-time account information, and seamless access to banking services through a user-friendly mobile and online banking platform.
Enhanced Operations and Risk Management
By leveraging Finastra’s cloud-based platform, Cache Valley Bank will improve its operational efficiency and reduce its technology infrastructure costs. The bank will also gain access to advanced analytics and risk management tools, enabling it to make more informed decisions and mitigate risks.
In addition, the partnership with Finastra includes integration with Cache Valley Bank’s existing systems, ensuring a seamless transition and minimizing disruptions during the transformation.
Customer-Centric Innovation
This comprehensive technology transformation is a testament to Cache Valley Bank’s commitment to providing its customers with exceptional banking experiences. The new platform will enable the bank to offer personalized products and services, respond quickly to changing market demands, and meet the evolving needs of its customers.
Quote from Brad Rigby, President and CEO of Cache Valley Bank:
We are excited about our partnership with Finastra and the transformative impact it will have on our bank. By implementing their end-to-end technology platform, we are positioning ourselves for long-term growth and success, while continuing to provide our customers with the superior banking services they expect.
About Finastra
Finastra is a global provider of financial software applications and solutions for banks and credit unions. Headquartered in London, UK, Finastra has offices in over 40 countries and serves more than 8,600 customers worldwide. Finastra’s core banking platform, Fusion Essence, is the foundation for a comprehensive range of banking solutions that automate processes, optimize decision-making, and enable a multi-channel customer experience.
About Cache Valley Bank
Cache Valley Bank is a leading community bank serving Utah and Idaho. Founded in 1905, Cache Valley Bank has grown to become one of the largest community banks in the region, with over $4 billion in assets and 22 branches. The bank offers a full range of banking and financial services, including personal and commercial banking, lending, and wealth management.
Contact:
N. Bauer
Cache Valley Bank
(435) 787-8000
info@cachevalleybank.com
Kind regards
N. Bauer.
