CenterState Bank of Florida has engaged Abel Solutions, an application developer and Microsoft SharePoint solution provider, to develop a technology platform that will support a complete clearing/cash management programme.
The programme will include settlement (account information and reporting), fed funds, sweep, wire transfer, automated clearing house (ACH), Federal Reserve Bank (FRB) services, Office of Foreign Assets Control (OFAC) capabilities and international services. CenterState Bank is adding this key functionality after the management lift out of several key Silverton Bank employees gave it the capacity to expand its service offerings through its correspondent division.
“A robust clearing/cash management program is critical to our ability to offer a fully comprehensive correspondent product suite to our customers,” said Kellie Endres, senior vice president of CenterState Bank.
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