Delta National Bank & Trust taps Finastra for digital banking infrastructure upgrade
New York’s Delta National Bank & Trust has tapped Finastra for the firm’s Fusion Essence and Fusion Payments To Go retail core banking and payments solutions as it looks to modernise its digital banking infrastructure.
Delta National Bank & Trust partners Finastra
With the adoption of Fusion Essence, Delta Bank is migrating its core from on-premise to a cloud-native software-as-a-service (SaaS) solution.
The bank, which provides international private banking services to South American investors, is also adopting anti-money laundering (AML) and know your customer (KYC) solutions through Finastra’s Fincom app.
The deployment of Finastra’s solutions will enable internal stakeholders at Delta Bank to utilise accurate and reliable reporting in order to deliver new solutions to clients and improve decision-making, Finastra says.
Finastra’s executive vice president of universal banking business, Siobhan Byron, says its solutions will improve Delta Bank’s process efficiency and help to minimise its operational risk by automating manual processes, such as assessment, late payment interest calculation and reporting.
Additionally, “by streamlining Delta Bank’s internal data management, we will also be enabling its decision-makers to reference a single source of truth”, Byron adds.
