We provide technology assistance to financial institutions that are evaluating new core processing platforms or renewing existing service contracts. We have developed a proven process for vendor evaluation that considers bank strategy and objectives, as well as product and service requirements. We create custom requests for proposals based on significant due diligence analyzing existing contracts, the competition, invoices, and utilization.
Technology Solutions engagements can last from two months to two years. During that time, we help our clients negotiate the best contract for services required and at the most competitive pricing. Considerable attention is given to business and contractual issues. Technology contracts have become very complex and can become costly if terminated early. Beneficial terms can be negotiated to reduce fees and limit termination fees in the event of a future merger or acquisition.
Today, a number of banks utilizing in-house technology are considering outsourcing their core processing. ProBank Austin can help analyze cost differences and help a client transition to outsourced processing.
ProBank Austin’s Technology Solutions services include:
- Core Vendor Search and Selection
- In-House vs. Outsourced Processing
- Contract Renewal
- Merger Assistance
- Conversion Management Assistance
- Technology Strategic Planning