Financial services provider Astra Bank has selected the Precision bank platform and additional services provided by Fiserv, a US financial services technology company.

As a result, Astra Bank will be able to upgrade its customer and account information to avoid introducing the same data in multiple systems. The integration between debit card processing services and the Precision bank platform will enable the bank to deliver information to frontline employees.

In addition to the Precision bank platform and outsourced account processing services, Astra Bank has also selected a range of other services including Branch Source Capture and Merchant Source Capture for remote deposits, Business Analytics for enterprise-wide reporting functionality, CheckFree RXP for bill payment, ZashPay for person-to-person payments, Director for document imaging, Fiserv Clearing Network for image exchange and card services solutions for debit card processing.

Via the Source Capture Solutions, Astra Bank customers will be able to make deposits from remote locations and the bank will be enabled to expand its footprint. The Merchant Source Capture enables corporations and merchants to make online deposits from their offices, with minimal investment in time and equipment, while the Branch Source Capture streamlines retail deposits at the back counter and will help Astra Bank to help eliminate courier costs and processing delays.

In recent news, Fiserv has been selected by US financial services institution Anchor Bank to implement the Premier bank platform.