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)