Alogent Deposit Automation Solutions Selected by Fifth Third Bancorp
June 14 2017 - 11:30AM
Business Wire
–Alogent Interactive Capture™ is Key Part of
Sweeping Branch Transformation Initiative–
Alogent today announced that Fifth Third Bancorp (NASDAQ: FITB,
Cincinnati-based, $140B assets) will adopt Alogent Interactive
Capture as part of a branch transformation strategy designed to
improve workforce efficiency and customer experience. Alogent
Interactive Capture (AIC) will directly reshape branch transactions
across Fifth Third’s entire retail footprint.
“Our priority is to give customers a seamless omni-channel
experience, choosing when, where and how to do their banking,” said
Mike Butera, Head of Retail Banking. “Evolving our branch network
is a critical element in our overall strategy. Alogent’s platform
will deliver a superior, streamlined experience for our customers
while significantly simplifying workflows for employees.”
AIC provides a single platform for check image capture at the
teller line, at self-service kiosks, on tablets anywhere in the
branch, on mobile devices in the field, and at centralized bank
locations. Customers can begin a transaction at one location and
fluidly complete it at another. AIC’s web-based architecture and
thin client deployment ease maintenance requirements for bank IT
teams.
Fifth Third will launch AIC at teller stations in spring 2017,
along with two additional Alogent solutions:
- Alogent Payments Gateway™ automates the
entire Day 1 workflow, sorting/routing payments for clearing and
automating decisioning with a minimum of employee
intervention.
- Alogent AWARE™ adds sophisticated data
analytics for turning transactions into business intelligence.
“We selected Alogent’s enterprise deposit automation platform
because it fully integrates with our teller system, it is easily
configurable, and it is simple for employees to learn and use,”
added Butera. “Alogent’s proven track record working with large
institutions made them an exceptional choice for us over the long
term.”
Dede Wakefield, Alogent CEO, said, “Fifth Third’s innovative,
forward-looking approach is exactly what we had in mind when we
developed our latest deposit automation solutions. We recognize the
challenge facing banks to create first-class customer experiences
while cultivating productivity gains. Alogent is proud to provide
advanced technology that empowers these goals.”
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2017, the
Company had $140 billion in assets and operated 1,155 full-service
Banking Centers and 2,471 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending, and Wealth
& Asset Management. As of March 31, 2017, Fifth Third also had
a 17.8 percent interest in Vantiv Holding, LLC. Fifth Third is
among the largest money managers in the Midwest and, as of March
31, 2017, had $323 billion in assets under care, of which it
managed $33 billion for individuals, corporations and
not-for-profit organizations through its Trust, Brokerage and
Insurance businesses. Investor information and press releases can
be viewed at www.53.com. Fifth Third’s common stock is traded on
the Nasdaq® Global Select Market under the symbol “FITB.” Fifth
Third Bank was established in 1858. Member FDIC, Equal Housing
Lender.
About Alogent
Alogent provides proven, end-to-end payment processing, content
management and digital account opening solutions to financial
institutions, including some of the largest regional, national and
international institutions, and over 1,400 credit unions and
community banks. Our solutions are versatile, scalable,
user-friendly, and exceptionally stable. Because of our relentless
focus on innovation, our clients consistently exceed their
productivity, financial, and customer experience goals. Learn more
about Alogent at www.alogent.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170614005187/en/
AlogentJennifer Quimson, (760) 410-9000
x447Jennifer.quimson@alogent.com
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