Bankway, Metavante's licensed, in-house core banking software, is a single, customer-centric database that allows bank personnel to complete transactions at the point of service. Financial institutions can easily tailor their products and services to meet the unique demands of their market, while reducing the high costs associated with custom programming. Additionally, Bankway's open system design allows for seamless integration with third-party surround systems such as Internet banking and voice response systems.
"As we strive to build an organization that can expand both in terms of asset size and geography, we wanted a partner that could support our growth fully. Bankway's scalable architecture will allow us to grow without the need to convert to another package." said Ray Mashburn, vice president, First National Security Company. "In addition to satisfying all of our business objectives, Bankway offered us a very predictable cost of ownership with their asset-based price model. These stabilized costs give our bank a clear vision of the solution cost today, and in the future."
Unique in the industry, Bankway's pricing is based on a bank's asset size, which is adjusted for growth. Since there are no additional charges for services such as support, new features, or regulatory changes, financial institutions can more easily predict their cost of ownership.
"First National Security's selection of Bankway as their core processing system confirms our market value of providing world-class customer service, unparalleled core system feature function, a 'no surprises, all-inclusive core licensing model' and predictable cost pro forma," said Rachel Landrum, president, Metavante Banking SolutionsâBankway. "We are looking forward to serving as First National Security's strategic technology provider in the years to come."
Metavante Banking Solutions offer the most comprehensive set of integrated products and services for financial services providers that are centered on customer and account management, specializing in deposit, loan and trust accounts. Two core processing products offer clients flexibility in choosing either a licensed or an outsourced solution: Bankway, which is run either in-house or in a hosted environment; or the Integrated Banking Solution, an outsourced platform. Bankway's core banking software uses a single customer-centric database to produce a broad range of customer and account information. Its flexible, open-system design allows for seamless connections to third-party delivery channels. The Integrated Banking Solution includes core account processing, fully integrated delivery channels, business and marketing analytics, integrated payments, image, risk and compliance solutions, along with business and technology consulting. Metavante Banking Solutions serve over 1,500 financial services providers, ranging from community banks to the top 100 U.S. banks.