With the legal path now open for financial services industry convergence, MetLife Inc. is closer to providing banking services. The company has cut a deal with Fiserv Inc. for technology that will enable MetLife to offer online banking, pending its purchase of Kingston, N.J.-based Grand Bank, NA.Fiserv, based in Brookfield, Wis., was chosen for the "wide range of services they provide," says Judy Weiss, MetLife executive vice president. "We're still in the planning stage, so we need a company that we can work with."
The deal includes Fiserv's Comprehensive Banking System (CBS), which includes core processing services, Internet banking, customer relationship management tools, call center software, plastic card production and fulfillment, electronic funds transfer and back-office services.
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