Movement Bank Seeks New Technologies to Support the Underserved through CSI’s NuPoint® Core Platform

Rhea-AI Summary

Computer Services, Inc. (OTCQX: CSVI) has partnered with Movement Bank to implement its NuPoint® core platform for enhanced core banking services. Movement Bank, dedicated to serving underserved communities, cited CSI’s superior technology and customer service as key factors in their decision. Additionally, Movement will utilize CSIbridge for access to open banking APIs, which enhances real-time data sharing. This collaboration is expected to strengthen Movement Bank’s operational capabilities and support its growth while upholding its 100-year legacy of service.

Positive

• Partnership with Movement Bank to implement NuPoint® core platform enhances service offerings.
• Movement Bank cited CSI’s superior technology and customer service as decisive factors.
• Implementation of CSIbridge will facilitate real-time data access and integration.

Negative

• None.

PADUCAH, Ky.--(BUSINESS WIRE)-- Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, announced that Virginia-based Movement Bank has selected its NuPoint® core platform to provide customers with integrated, reliable core banking services.

Movement Bank, with locations in Virginia and the Carolinas, focuses on serving communities that have historically faced difficulties accessing financial resources. Throughout the bank's rich history, Movement Bank has remained a pillar in its communities by supporting entrepreneurs, financing churches and even playing an important role in the civil rights movement. The bank turned to CSI to gain integrated technologies that will empower it to build upon its 100-year legacy of service. Along with innovative core banking services, Movement executives cited CSI’s commitment to customer service as a key factor in their decision.

“The process of searching for a new core was rigorous and we evaluated multiple vendors,” said David Rupp, president of Movement Bank. “CSI stood out as having the best integrated platform coupled with the highest service level. We are excited to transition to the NuPoint platform and believe CSI will be an outstanding partner for us as we continue to grow and broaden our impact.”

Movement Bank will also utilize CSIbridge to keep pace with fast-changing technologies in its markets. CSIbridge provides simple and secure access to a host of open banking APIs, allowing third-party providers to connect real-time data to CSI’s core.

“At CSI, we are dedicated to delivering the technology advancements and customer service that empower our community financial institution customers to achieve their individualized goals,” said Giovanni Mastronardi, group president, CSI Enterprise Banking. “We are pleased to partner with Movement Bank and provide them with an integrated core banking platform to drive their success in a digital-first world and enable them to serve their customers with the best possible technology for managing their finances.”

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core processing, digital banking, managed cybersecurity, cybersecurity compliance, payments processing, print and electronic document distribution, and regulatory compliance solutions to financial institutions and corporate customers, both foreign and domestic. Management believes exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the Company’s inclusion in such top industry-wide rankings as IDC Financial Insights FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers lists. CSI has also been recognized by Aite Group, a leading industry research firm, as providing the “best user experience” in its AIM Evaluation: The Leading Providers of U.S. Core Banking Systems. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information, visit csiweb.com.

About Movement Bank

Movement Bank exists to love and serve people with a Purpose Bigger Than Banking. Founded in 1919 to bank the underserved community in segregated Danville, Virginia, Movement Bank continues this mission in the 21st century. The bank offers a comprehensive suite of products and services, including checking, savings, money market, and certificates of deposit for individuals and businesses. It also supports educational and community investment initiatives through the nonprofit Movement Foundation. For more information, visit movementbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005036/en/

Laura Sewell

For CSI

270-349-9212

Haleigh Tomasek

For CSI

678-781-7208

Source: Computer Services, Inc.

FAQ

What does Computer Services, Inc. (CSVI) do?

Computer Services, Inc. provides end-to-end fintech and regtech solutions, including core processing, digital banking, and cybersecurity.

What is the significance of the partnership between CSVI and Movement Bank?

The partnership allows Movement Bank to leverage CSI's NuPoint® core platform to enhance its core banking services while supporting its community-focused mission.

When was the partnership between CSVI and Movement Bank announced?

The partnership was announced recently as part of a press release detailing the collaboration.

How will the NuPoint® core platform benefit Movement Bank?

The NuPoint® core platform will provide Movement Bank with integrated banking services that enhance customer experience and operational efficiency.

What is CSIbridge and how will Movement Bank use it?

CSIbridge offers access to open banking APIs, enabling Movement Bank to connect real-time data with third-party providers to improve services.