Cathay Bank, a Chinese–American bank in the US, has selected Vsoft's software-as-a-service (SaaS) delivery model for its suite of check processing, document and reporting solutions.
According to Vsoft, Cathay Bank has leveraged its outsourced item processing platform for five years and decided to migrate to the company’s new SaaS platform to take advantage of all the functionality offered by a full in-house deployment while also gaining more control over the full end-to-end processing flow through its data center, VSoft Managed Services.
Bob Romero, senior vice president and chief information officer of Cathay Bank, said: “Through our continuous efforts to provide our customers with the best possible service, we performed an extensive analysis among the leading providers in the industry. We believe VSoft’s SaaS model can provide the best solution to meet our particular short and long-term strategic goals.”
Murthy Veeraghanta, chairman and managing director at Vsoft, said: “Our SaaS platform further demonstrates VSoft’s commitment to meeting the payments needs for financial institutions of all size. Cathay Bank realizes the true benefits that it has to offer and can have all the control they need without a hefty investment in infrastructure or ongoing maintenance requirements.”