Primatics Financial and Fiserv Announce Partnership to Offer M&A Loan Accounting Solutions to Leading National and Community

Primatics Financial and Fiserv Announce Partnership to Offer M&A Loan 
Accounting Solutions to Leading National and Community Banks 
Collaboration Will Provide Access to Comprehensive Loan Accounting
and Valuation Support for Financial Institutions Engaging in
MCLEAN, VA -- (Marketwired) -- 06/23/14 --  Primatics Financial, a
leader in integrated loan accounting and credit risk solutions, today
announced a partnership with Fiserv Inc., a global provider of
financial services technology. Fiserv Inc. and Primatics Financial,
who were both ranked in FinTech's Top 100, have entered into a joint
engineering and services partnership to provide financial
institutions secure, Software as a Service (SaaS) solutions for
comprehensive loan accounting support for banks doing acquisitions.
The Primatics Evolv Suite is the only web-based solution that
supports the entire acquisition lifecycle, from the initial bid
process and valuation through the close and then ongoing processing,
reporting and business intelligence.  
"In today's continually changing and fast moving regulatory and
accounting environment, financial institutions need proven software
solutions to comply with the complex regulatory landscape governing
M&A and other complex accounting and valuation issues," explained
Eric Wazorko, Vice President of Alliances at Primatics. 
Banks face significant challenges around loan portfolio acquisitions,
from calculating the initial Day 1 valuation to performing monthly
accounting and valuation on an ongoing basis. These challenges are
made more complex due to data challenges from various systems.
Through the integration with Fiserv, Primatics streamlines the
difficult data flow process associated with M&A transactions while
improving data quality and efficiency within the ongoing monthly
accounting process. This partnership will allow Fiserv to deliver an
integrated and flexible solution for its customers in need of robust
M&A loan accounting support and processing capabilities.  
"Fiserv partners with best-in-class vendors to deliver best-of-breed
solutions and services to its customers," said Primatics CEO, Kevin
Hesselbirg. "We are pleased to have been selected by Fiserv as their
partner of choice given our wealth of experience in M&A loan
accounting, having accounted for more than $500 billion in acquired
loans across more than 50 banks, including 11 of the 25 largest banks
in North America. Our combined goal is to continue to enhance our
existing offerings and contribute to the long-term success of our
joint customers."  
About Fiserv 
This year, Fiserv Inc. (NASDAQ: FISV) celebrates 30 years of
leadership in financial services technology. As one of FORTUNE(R)
magazine's World's Most Admired Companies, Fiserv is helping clients
worldwide achieve best-in-class results by driving innovation in
payments, processing services, risk and compliance, customer and
channel management, and business insights and optimization. For more
information, visit 
About Primatics Financial 
Primatics is the leading provider of financial services solutions
that enable financial institutions to better process, model and
analyze loan portfolios, comply with accounting and regulatory
requirements and grow their businesses. Through its enterprise-grade
software solution and proven business analysis services driven by
strong domain expertise, Primatics delivers timely, scalable,
automated and controlled results in today's changing market and
regulatory environment. Primatics is headquartered in McLean,
Virginia, USA. For more information, please visit:  
Media Contact
Kaila Brosey
Senior Account Executive
Merritt Group for Primatics Financial 
Julie Nixon
Senior PR Manager
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