Twenty-two Banks Select CSI NuPoint® for Core Platform During Fiscal Year 2022

Rhea-AI Summary

Computer Services, Inc. (CSVI) recently signed contracts with 22 new community banks for its NuPoint® core platform, ending the fiscal year on February 28, 2022. The banks cited CSI's technology advancements, open banking adoption, and customer service as key factors in their decision. Executives believe these enhancements will lead to improved efficiency and service delivery. CSI's offerings include payment processing, managed IT services, and website design services, which empower financial institutions to enhance operations.

Positive

• Signed 22 new community banks, indicating strong demand for CSI's solutions.
• Banks cited technology advancements and customer service as key decision factors.
• CSI's NuPoint® core platform expected to improve operational efficiency.

Negative

• None.

-Banks select CSI for innovative technology advancements, modern architecture and commitment to customer service-

PADUCAH, Ky.--(BUSINESS WIRE)-- Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, signed 22 new community banks to its NuPoint^® core platform during the past fiscal year, which ended Feb. 28, 2022. While each bank’s decision was based on their individual focus and goals, bank executives commonly cited CSI’s technology advancements, adoption of open banking and commitment to customer service as the driving factors behind their decision to switch providers.

“From the beginning, we knew CSI was different,” said Patty Mongold, president and CEO of Fairbanks, Alaska-based Mt. McKinley Bank, CSI’s first customer in the state. “Once we determined that we could get more value and leading-edge technology with CSI, the decision was easy. CSI’s robust core platform and digital banking solutions will enable us to provide our customers with the service they want, need and deserve.”

In addition to technology enhancements, many of the banks cited CSI’s ability to quickly react to changes in the market as a top reason for partnering with the fintech provider.

“We believe CSI will experience economies of scale with their products while still offering the same personal service and attention we expect,” said Jeff Wallace, CEO of Cheyenne-based Wyoming Bank & Trust. “Through the implementation of CSI’s NuPoint core, we expect to serve our customers more efficiently and make it easier for our employees to do their job.”

CSI’s new customers will also leverage a range of additional solutions, including payment processing, managed IT services and website design services. CSI’s suite of solutions integrates the latest digital technologies, empowering financial institutions to streamline internal operations and enhance the banking experience for customers.

“Since CSI’s inception 57 years ago, we’ve focused on providing industry-leading technology and deep industry expertise that position our community financial institutions to achieve their unique business objectives,” said Giovanni Mastronardi, group president, CSI Enterprise Banking. “We welcome these new banks into the CSI family and look forward to helping them advance the state of financial services in their communities.”

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.

For more information about Mt. McKinley Bank, visit https://www.mtmckinleybank.com.

For more information about Wyoming Bank & Trust, visit https://www.wyomingbank.bank.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005163/en/

Laura Sewell

For CSI

270-349-9212

Haleigh Tomasek

For CSI

678-781-7208

Source: Computer Services, Inc.

FAQ

What is the significance of the 22 new community banks partnering with CSVI?

The addition of 22 new community banks highlights CSI's growing market presence and demand for its services, particularly the NuPoint® core platform.

When did CSVI sign contracts with the new banks?

The contracts with the new banks were signed during the past fiscal year, which ended on February 28, 2022.

What factors influenced the banks' decision to choose CSVI?

Banks were influenced by CSI's technology advancements, adoption of open banking, and strong commitment to customer service.

How does CSVI's NuPoint® core platform benefit new customers?

The NuPoint® core platform is expected to enhance operational efficiency and improve customer service for the banks using it.