Danamon, Fiserv sign deal

Danamon, Fiserv sign deal

JAKARTA (JP): Singapore-based Fiserv Asia Pacific has agreed
to provide publicly listed Bank Danamon with an international
comprehensive banking system to help improve speed, accuracy and
efficiency of service.

The system will automate customer relationship management,
product design, transaction processing and financial management,
Danamon said in a statement on Friday.

In a recent benchmark test, the system could process 50
million accounts in under four hours, it said.

Fiserv, a financial service technology company established in
Wisconsin, the United States, has installed 10 retail banking
systems since it started operation in Indonesia in 1993. (10)