VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that Natick, Mass.-based Middlesex Savings Bank, with more than $4 billion in assets, has selected its Software as a Service (SaaS) delivery model for its suite of OnView products.
A client of VSoft since 2011, Middlesex Savings Bank currently leverages OnView Branch Deposit, OnView Business Deposit and OnView Payments Manager. By migrating to VSoft’s SaaS model, Middlesex Savings Bank will be able to maintain processing controls while taking advantage of VSoft’s state-of-the-art data center, which provides a full suite of check and core processing software solutions to financial institutions of all sizes.
“Middlesex Savings Bank strives to deliver the most current, convenient, and relevant product and service offering,” said Michael Missle, Senior Vice President, Payments Services Director at Middlesex Savings Bank. “Migrating to a SaaS model was a strategic decision for our bank. We’ve had a very strong and successful partnership with VSoft so moving to a SaaS model was a natural decision.”
Missle continued, “this migration will allow us to take advantage of all the functionality offered by a full on-premise deployment while also gaining the operational efficiencies hosting in a dedicated region of VSoft’s data center, decreasing maintenance requirements and enabling us to spend more time serving customers and building relationships. Through our partnership, we will continue to leverage technology in order to respond in a timely manner to both our customers and the communities we serve.”
Financial institutions can take advantage of VSoft’s SaaS solution, which blends hosted applications with real-time remote access to provide financial institutions with optimal solutions without having to invest in the architectural requirements of an internally deployed solution.
“SaaS hosting continues to be an appealing option for financial institutions, like Middlesex Savings Bank, as a means to gain the control needed to maintain a complete imaging platform without having the burden of the increasing costs of hardware maintenance,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “Additionally, Middlesex Savings Bank is taking advantage of our flexible exchange option that allows financial institutions to migrate from one delivery model to another as its unique needs change. After working with Middlesex Savings Bank’s team for many years now, we are eager to continue to support their mission as their customer base continues to grow.”
About Middlesex Savings Bank
Middlesex Savings Bank is a $4.6 billion financial institution headquartered in Natick, MA. As one of the largest independent banks in the Commonwealth, the Bank is committed to continuing its 180-year history of providing commercial and consumer financial solutions to a growing customer base throughout Eastern Massachusetts.
About VSoft Corporation
VSoft Corporation offers platform-based services for the banking and financial services industry. Its core, payment and digital banking solutions reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by financial institutions worldwide. For more information, please call 770-225-7692, or visit www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.