WAUSAU Financial Systems Included on FinTech Forward 100 for Ninth Year in a Row
WAUSAU Financial Systems, a provider of best-in-class financial technology, services and solutions, and a Deluxe Corporation company, has been named a member of the 2014 FinTech Forward 100 list of the leading financial technology providers in the world. A collaboration of American Banker and BAI, the list was released today at the BAI Retail Delivery Conference in Chicago. WAUSAU was designated No. 86 on the Top 100, up 4 places compared with the 2013 rankings.
“We continue to have our sights set on driving next generation solutions that provide our clients what they need to grow revenues, manage costs and expedite cash,” said Gary Cawthorne, CEO, WAUSAU Financial Systems. “Our momentum and growth within each of our lines of business this year is a testament to our customers’ trust in us. We continue to climb the FinTech Forward 100 list as a result of the inventive minds within WAUSAU that result in superior solutions and our industry-leading partners.”
Today, 20 of the top 25 U.S. banks rely on WAUSAU’s solutions, as well as hundreds of corporations, including insurers, utilities, government agencies and telecommunications companies. WAUSAU has added 100 new clients in the past three years, supporting their businesses in the following areas:
- Integrated Receivables aggregates all payment channels ranging from paper to electronic, automates receivables matching and accelerates cash flow and business insights. CEB TowerGroup recognized WAUSAU’s Receivables360(R) as the industry’s most comprehensive and advanced integrated receivables solution.
- Remote Deposit Capture (RDC) enables digital check deposits for businesses and consumers at bank branches or on-the-go through mobile devices. WAUSAU’s solution delivers integrated risk monitoring and Location Awareness that tracks where deposits are made. WAUSAU is the largest non-core RDC provider with over 150,000 seats; nearly 200 financial institutions have signed up for its mobile RDC solution in the past 18 months.
- Paperless Enterprise digitizes workflow and eliminates paper for client onboarding, lending, account opening and other retail and commercial financial transactions.
Fueling WAUSAU’s growth, organizations increasingly are turning to the company because of its flexible delivery models, including in-house, outsourced and hosted. In the last year, WAUSAU has experienced a 100 percent transaction growth rate in its outsourcing business, which allows financial institutions to minimize their operating costs and overhead expenses related to receivables processing. By December of this year, WAUSAU’s annual volume of RDC and wholesale lockbox transactions for more than 120 clients is projected to surpass 400 million per year.
The annual FinTech Forward 100, formerly known as the FinTech100, represents the largest FinTech- focused companies that derive at least 33 percent of their revenue from banking, capital markets, payments or the insurance industries.
To learn more, visit WAUSAU at booth #4914 at BAI Retail Delivery in Chicago Nov. 12-14, 2014 or visit www.wausaufs.com.
About WAUSAU Financial Systems
WAUSAU, a Deluxe Corporation company, is a catalyst for results. Partnering with industry-leading financial institutions and corporations to reduce cost and strengthen their competitive market position, WAUSAU is recognized for consistently delivering best-of-breed financial technology, services and solutions that integrate receivables, accelerate deposits and payments, and eliminate paper. To meet clients’ needs, WAUSAU offers flexible delivery options- whether installed in-house, outsourced, co-sourced or in the cloud. Because of WAUSAU’s deep domain knowledge and experience, the company understands customers’ challenges and tailors its solutions and services to ensure they have a competitive edge. That’s why thousands of companies, including 20 of the 25 largest U.S. banks and more than 50 Fortune 500 organizations depend on WAUSAU solutions. Because results matter. For more information, visit www.wausaufs.com, www.linkedin.com/company/wausau-financial-systems or www.twitter.com/WAUSAU_FS.
ABOUT DELUXE CORPORATION
Deluxe is a growth engine for small businesses and financial institutions. More than 4.5 million small business customers access Deluxe’s wide range of products and services, including customized checks and forms, as well as website development and hosting, email marketing, search engine optimization and logo design. For our 5,500 financial institution customers, Deluxe offers industry-leading programs in checks, customer acquisition, fraud prevention and profitability. Deluxe is also a leading provider of checks and accessories sold directly to consumers. For more information, visit us at www.deluxe.com, www.facebook.com/deluxecorp or www.twitter.com/deluxecorp.
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