GlobalData
1 min read
US community banks Fortis Bank and Middlesex Federal Savings have teamed up with GOiDENTIFY, operating as iDENTIFY, aiming to enhance compliance, replace legacy batch systems, and transition to real-time, cloud-based data environments.
iDENTIFY provides a structured approach to data transformation, which is essential for community banks facing complex regulatory requirements and increasing digital performance expectations.
Fortis Bank, with branches in Colorado and Utah, is collaborating with iDENTIFY to establish a modern data infrastructure.
This initiative aims to consolidate the bank's transaction and experience data from various sources into a secure, centralised platform designed for efficiency and scalability.
Meanwhile, Middlesex Federal Savings, based in Massachusetts, is partnering with iDENTIFY to standardise reporting processes, streamline data from fintech initiatives, and position itself for future growth.
iDENTIFY president Lee Easton said: “Banks today can’t afford to operate in the dark.
“Our mission is to help institutions move away from siloed batch-processing systems and into secure, scalable environments that unify data across every function—from compliance to customer experience. These two clients exemplify that vision.”
iDENTIFY employs a phased delivery model that outlines a systematic pathway from initial assessment to complete implementation.
This process includes several key stages, including a discovery phase that examines infrastructure, licencing, and data source mapping.
Next, a design phase that focuses on creating data models, governance frameworks, and sample dashboards.
It is followed by implementation, which involves constructing internal data pipelines, staging environments, and unified data layers to facilitate compliance and performance monitoring;
Finally, ongoing support from the iDENTIFY team will help ensure operational efficiency and adaptability.
"Fortis Bank, Middlesex Federal Savings tap iDENTIFY for data management" was originally created and published by Retail Banker International, a GlobalData owned brand.
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