First Women’s Bank has selected Fiserv to enable the bank’s launch in early 2021. The bank will leverage core processing and a full range of digital engagement technology from Fiserv to bring its unique mission and values to market.
First Women’s Bank plans to leverage technology to serve a diverse national deposit and lending market. While the bank will have a strategic focus on the women’s economy, it will compete across traditional banking verticals for all banking clients.
Todd Horvath, head of Account Processing Services at Fiserv, said:
“The mission of First Women’s Bank made them an ideal choice for a Back2Business partner.”
“We look forward to working with them to bring the program to Chicago.”
Marianne Markowitz, president and CEO at First Women’s Bank, said:
“First Women’s Bank will be an innovative commercial bank and the only bank in the country with a strategic focus on the women’s economy.”
“And we’ll be more than a bank. We are building a first-of-its-kind platform to connect small businesses with innovative capital solutions, provide opportunities to promote gender equality, and cultivate a community that fosters strategic partnerships and inclusion.”
Maria Tabrizi, chief risk officer at First Women’s Bank, said:
“One of the key strategies for achieving our mission is to leverage technology to drive growth and deliver an exceptional customer experience.”
Tabrizi noted how the Fiserv team listened and provided guidance on technology solutions to match the bank’s strategy in order to deliver the desired customer and employee experience. She said a number of newer, integrated digital solutions brought to the table by Fiserv differentiated the company from its competitors.
The bank chose solutions that will allow them to create a unique connection with its customers, operate efficiently and scale nationally, including process management tools, solutions that allow customers to aggregate their financial information, and an analytics engine to help the bank gain insight from data to drive relevant communication with customers.
Danelle Hawig, vice president of segment strategy for Bank Solutions at Fiserv, said:
“First Women’s Bank is a pioneer, and it is a privilege to be their partner as they build a bank to serve the growing women’s economy.”
“We’re committed to enabling the bank to create an intuitive and secure digital experience that reflects their brand and vision.”
