Alogent and DXC Technology announce strategic collaboration to enhance deposit automation and back-office processing, driving reduced costs and greater efficiency for financial institutions. Building on successes in the UK banking market, this expanded collaboration pairs Alogent’s item processing solutions with DXC’s comprehensive back-office outsourcing services for institutions in the US and UK.
Alogent, a global software innovator in the banking and financial services market, and DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, announced a strategic collaboration to streamline and automate deposit processing end to end for financial institutions. Building on successes in the UK banking market, this expanded collaboration pairs Alogent’s item processing solutions with DXC’s comprehensive back-office outsourcing services for institutions in the US and UK.
“This alliance represents a significant step forward in how financial institutions manage their transaction workflows,” said Dede Wakefield, CEO of Alogent. “Integrating our item processing solutions with DXC’s outsourcing services will provide a seamless, end-to-end offering that transforms legacy business operations and offers a modernized solution for institutions without existing back-office capabilities, or those looking to avoid a significant technology investment.”
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The Alogent and DXC alliance/collaboration is set to deliver several benefits for banks and credit unions, including:
- Enhanced Operational Efficiency: Streamline and automate end-to-end deposit processing across all points of capture and the back-office, reducing manual tasks and accelerating processing times.
- Cost Reduction: Decrease operational costs through the automation and outsourcing of non-core banking functions.
- Scalability and Flexibility: Easily adapt to changing business needs and regulatory requirements with a scalable and flexible integrated solution.
- Improved Accuracy: Reduce errors and ensure compliance with advanced data management and processing capabilities.
As the banking industry advances, modern technology solutions are essential for banks and credit unions to stay competitive. This collaboration highlights ongoing advancements in financial technology and the commitment to meeting industry needs.
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