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Stock impact report

Farmers & Merchants Bank adopts Candescent platform [Yahoo! Finance]

Community Bank System, Inc. (CBU) 
Last community bank system, inc. earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.communitybanksystem.com
Company Research Source: Yahoo! Finance
This move aligns with the bank's strategy to boost digital adoption and simplify operations. The tech vendor said that its platform will help the bank support more “intuitive” interactions, improve mobile access, and streamline cash management services. Candescent's platform is said to deliver the “extensibility” and functionality necessary for Farmers & Merchants Bank's employees and customers. Farmers & Merchants Bank president Greg Connell said: “Candescent's platform enables us to deliver the well-rounded, personal banking experience customers expect while increasing efficiencies and productivity in our back office.” The bank, which has $1.8bn in assets, has been a community mainstay since 1945, offering financial services to farmers, businesses, and families. This digital upgrade will also support the bank's objectives to optimise back-office processes, while data-driven insights from Candescent will enable more personalised customer offerings. Candescent CEO Brendan Show less Read more
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