IBERIABANK Chooses Online Banking Solutions for Upgrades to Business
E-Banking, Mobile Banking and Security Platforms
Comprehensiveness of OBS Security Suite, Improved Information Reporting, Ease
of Implementation, and Cultural Fit of OBS and Iberia are Key Factors
ATLANTA -- October 12, 2012
Online Banking Solutions (OBS) announced today that IBERIABANK, headquartered
in Lafayette, LA, has chosen to upgrade its commercial online banking systems
with three products from OBS:
*Messenger Financial Center (business e-banking platform)
*Messenger Mobile Banking (mobile business banking), and
*M-Secure Banking services.
Implementation of the new systems at IBERIABANK has already begun and is
expected to roll out in 2013, explained Joseph Spatarella, chief marketing
officer at OBS.
IBERIABANK has a total of 269 combined offices in 12 states and $12.1 billion
in assets. According to Mark Feagin, senior vice president and Director of
Treasury Management, IBERIABANK’s rapid growth over the past several years
warrants a need for enhanced online banking solutions. The bank picked OBS
over approximately 5 other vendors in its quest to improve service
capabilities and responsiveness to commercial customers, particularly in the
areas of information reporting and regulatory compliance.
“With our rapid growth in business banking, we needed to upgrade our capacity
to deliver some of the classical pieces of reporting that the commercial
client wants and needs. They require features like the ability to generate ad
hoc reports and export the information in a variety of ways, as well as static
reporting and provision of full details about controlled disbursement,” said
Feagin added that M-Secure Banking Services will be particularly helpful to
the bank’s efforts to meet government regulators’ ever-increasing demands for
safeguarding customer funds and personal information.
“Banks are responsible for protecting their clients. OBS came to us with a
holistic solution that addresses the security issues that all banks face,” he
said, adding further that “The OBS approach is also a good cultural fit for
us. They have demonstrated the depth and experience of their company. We feel
confident that they are the right partner for us going forward as we continue
Spatarella pointed out that the OBS interface with JHA jXchange, a Web-based
services-oriented architecture offered by Jack Henry and Associates, will make
for a smooth and speedy transition to the new system.
“OBS became a member of the JHA jXchange Vendor Integration program earlier
this year. This allows us to implement our services more efficiently, meet
time-to-market objectives, and minimize cost and resource requirements for our
clients,” he said.
About IBERIABANK Corporation
Established in 1887, IBERIABANK's predecessors started the Company with one
branch in New Iberia, Louisiana. Today at $12.1 billion in assets and over
2,500 associates, IBERIABANK Corporation is a financial holding company with
269 combined offices in 12 states.
About Online Banking Solutions
Online Banking Solutions was founded in 2002 by a management team that
pioneered Web cash management and business banking technology. Privately held
and profitable, OBS provides contemporary e-banking products including
multi-channeled reporting, transaction, and file delivery services. Its
clients include commercial banks, 11 of the top 100 U.S. commercial bank
holding companies, community banks, and credit unions. OBS offers financial
institutions the benefits of a large-scale technology provider coupled with
the tenacity and customer-driven service of a small, aggressive
Online Banking Solutions
Joe Spatarella, 404-996-1141
Chief Marketing Officer
Graber Associates, LLC
Ray Graber, 781-221-0018
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