The new technologies selected by the bank, includes Messenger Financial Center (business e-banking platform), Messenger Mobile Banking (mobile business banking), and M-Secure Banking services.
Implementation of the cost-effective and user-friendly banking system has already commenced and is likely to start working in 2013, the bank said.
IBERIABANK senior vice president and director of treasury management Mark Feagin said the rapid expansion of bank’s business has made it essential to upgrade its existing infrastructure to meet the commercial clients’ needs.
"They require features like the ability to generate ad hoc reports and export the information in a variety of ways, as well as static reporting and provision of full details about controlled disbursement," Feagin said.
The new tools will also help it to comply with government regulators’ increasing demands for safeguarding customer funds and personal information.
IBERIABANK was set up in 1887, and currently manages $12.1bn in assets and over 2,500 associates, while offering a number of banking services in the region.
