clients," he said. "The
"We are focused on organic growth, and this technology allows us that
industry has been talking about what are the branches for in the
said. "Any retailer doesn't wait until the end of the day to see whatThe system known during development as Project Centric will soon also provide the engine for its consumer and business lending capabilities, including mortgage. It also will be fully integrated with the bank's branch and ATM networks, Adidas Ladies Duramo 5 call centers and online and mobile banking services.
twenty first century, and that is a good question. (Customers) don't go
BBVA Compass completes
from scratch, BBVA Compass chief executive and BBVA country manager Manolo Snchez said in an interview Tuesday morning. Management consultants Accenture helped develop the system for the bank.
us a very relevant banking solution for Harden Pioneer 1 Review
the branches as much."
manual labor aimed toward handling millions of pieces of paper.
opportunity because we have a suite of products and services that makes
It could also help with for further growth for the bank, whose parent company is based in Spain. BBVA Compass is already the second largest bank in Alabama and the fourth largest in Texas. But with more capabilities online, physical branch locations might not be as needed to anchor future growth.
"We like to think of this as owning our own destiny," he said.
Industry estimates say replacing old banking software can cost as much as $100 million for a large regional bank. But the new systems can reduce or eliminate Adidas Original Shoes Mens High Tops White Blue
"There is no company out there that doesn't operate in real time," Snchez
Last week, the bank launched new mobile banking applications for the Amazon Kindle Fire and Microsoft tablets. It already has mobile apps for Apple and Android products. Snchez said mobile banking users have multiplied "exponentially" over the past 18 months.
This is the first time any bank of this size has developed its own code
BBVA Compass which has 716 branches across Alabama, Texas, Arizona, California, Florida, Colorado and New Mexico says the system will reduce the time to open a new deposit account to five minutes from more than 40. It will also reduce time to market for new products by up to 75 percent. The system also cuts about 20 percent of total processing costs.
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