CSI asserts that mobile technology, for starters, is rapidly altering the financial industry’s approach to delivering banking services. “Mobile technology is changing how, when and where people interact with both their bank and their finances,” says Steve Powless, chief executive officer of CSI. Today, mo-bile banking apps can turn any smartphone into a fully operational personal bank, and financial institutions choose mobile platforms for such innovative payment models and commerce capabilities as P2P payments and remote deposit capture.
Additionally, CSI’s suite of business intelligence solutions, CSI IQ, gives customers access to robust data analytics that can influence and improve decision making.“The platform helps banks make informed decisions by offering greater customer search capabilities and information views. It also fosters employee mobility by enabling core integration on tablets,” Powless says.
On the regulatory compliance front, the company provides automated compliance solutions that help both financial institutions and other organizations adhere to requirements set forth by various regulatory agencies. Also, CSI recently launched Smart-Risk IQ, an Enterprise Risk Management platform that facilitates the new, holistic risk management approach that examiners encourage. SmartRisk IQ helps institutions manage risk by securely collecting, storing, analyzing, scoring and reporting on risk data—leading to highly informed strategic decisions.
The company differentiates itself by striving, above all else, to do what’s right for its customers. “We maintain a clear, tight focus on the needs of our customers so that we can deliver the technology solutions they need to remain competitive, compliant and profitable,” Powless says.
Additional financial institutions CSI serves through a full suite of banking technologies include Busey Bank (Champaign, Illinois), Centier Bank (Merrillville, Indiana) and The Eastern Colorado Bank (Cheyenne Wells, Colorado). The company also provides compliance solutions for such organizations as Trek, Aflac and Expedia.
Busey Bank, an institution that engages social media audiences for promotions and community outreach, also utilizes CSI’s WatchDOG® Social Compliance management solution. WatchDOG Social Compliance archives social media posts for required timeframes and conducts feedback, complaint, and reputational monitoring, all while helping the bank exceed its 24-hour customer response goal. The solution also has helped Busey Bank manage costs, reduce man hours dedicated to social media, and continually meet the regulatory requirements.
Moving forward, CSI plans to continue providing service excellence and product innovation while expanding its service offerings. “With more than 5,000 customers nationwide, we will remain dedicated to providing our customers with the highest level of service, technology innovation and expert guidance in order to support each of their unique business goals,” Powless says.