Primis Bank and Fiserv Take Home 2023 Real Results Award
The 2023 Real Results Award received for Fiserv’s work with Primis on digital banking core.
McLEAN, V.a – Primis Bank and Fiserv, a leading global provider of financial technology solutions, were named the winners of the 2023 Real Results Award in the Deposit Transformation category for their joint efforts in building the bank’s fully-digital deposit platform.
The Real Results Awards are given out annually by the International Data Corporation (IDC), recognizing technology firms that have created a “genuine, measurable, and future-enabling change” at a financial institution.
In late 2022, Primis launched a full suite of digital deposit product offerings on a brand new banking core with massive success after many months of collaboration with Finxact, a Fiserv company. Finxact’s capabilities enabled Primis to serve customers all across the U.S., well beyond their physical footprint in the Mid-Atlantic. Following the public launch in February 2023, the digital platform grew by over 13,000 accounts and over $1 billion in deposits by the end of Q2.
“It’s always nice to see hard work get recognized,” said Cody Sheflett, chief information officer at Primis. “I know both of our teams put in thousands of hours combined to put out the best digital tools we could possibly create for our customers, and obviously it’s worked out so far. There’s too many people, at Primis and Finxact, to thank by name but I hope everyone who was involved in transforming our bank feels accomplished for what we’ve built.”
Primis’ goal, from inception, has been to provide its customers with next-level banking opportunities. Their digital core, while just the beginning, is the cornerstone of their initiative. Customers can reap the benefits of being a Primis customer — including free nationwide ATM access, zero unnecessary fees, 24/7 access to customer support, and some of the nation’s most attractive account features — from anywhere in the country.
To learn more about Primis’ digital account offerings, visit their website.
SVP, Director of Marketing