Sterling Federal Bank is on a mission to expand its consumer banking and mortgages services, it has tapped Finastra for its Fusion Phoenix solution.
“As we looked to expand our business, we recognised a need to replace our core with one that better aligns with our business strategy,” said Dean Ahlers, president and CEO of Sterling Federal Bank. “The Fusion Phoenix core has robust commercial banking capabilities, and the fact that it integrates with our existing lending solutions from Finastra was very appealing.
“From our point of view, using a single vendor not only means improved efficiencies, but also a stronger relationship with a vendor that understands our business. Finastra’s open platform strategy also gave us the confidence that the system would adapt as our technology needs evolve.”
Sterling Federal Bank has previously used Finastra’s Fusion Mortgagebot and Fusion LaserPro as part of its service.
“Finastra knows that as a bank’s business evolves, so too do its technology needs,” said Chris Zingo, senior vice president and general manager of Americas field operations at Finastra. “Where other cores are built on antiquated technology, closed to integrating with other solutions, and often standing in the way of innovation, Fusion Phoenix is built on a modern Microsoft technology stack, developed with openness and the ability to innovate at its heart. We’re excited to support Sterling Federal Bank today as it enters the next phase in its business, and in whatever tomorrow brings to the bank.”
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