Magazine article American Banker

CFI and Bisys Agree to Integrate Software and Market Together

Magazine article American Banker

CFI and Bisys Agree to Integrate Software and Market Together

Article excerpt

CFI ProServices Inc. and the Bisys Group Inc. have signed an interface and marketing agreement that will let them benefit from each other's market positions, products, and expertise.

Under the deal, CFI and Bisys will develop interfaces between Bisys host computers and CFI's Laser Pro loan closing software and Deposit Pro operations software.

Bisys will also help CFI market these products to customers.

Matthew Chapman, chairman and chief executive officer of Portland, Ore. based CFI said the agreement positions his company to do business with the hundreds of financial institutions served by Bisys.

The Little Falls, N.J.-based outsourcing company sells processing services to more than 450 commercial and savings banks, thrifts, and mortgage banks in the United States.

Integration of systems has been a core competency of CFI, which has linked many of its products to host processors. As a result of acquiring Texas/Southwest Technology Group Inc., a Houston-based client/server company, Bisys has recently converted its systems to client/server architecture.

With the growth of hybrid mainframe and client/server environments in banks - in which several architectures are melded - the need to integrate systems becomes greater, said Greg Myers, a CFI spokesman. He added that the company would continue to partner with and acquire technology companies.

The agreement enables Bisys to integrate CFI's loan software into its recently introduced suite of commercial lending products and services for large banks and commercially chartered community banks. …

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