ZSuite Technologies, a financial technology company that powers community financial institutions with digital escrow products for specific commercial verticals, has partnered with Rockland Trust Bank to offer its customers ZEscrow.
“We are excited to partner with Rockland as they continue to grow by enhancing their digital offerings to include ZEscrow.”
Rockland Trust, a full-service community bank that offers a wide range of banking, investment and insurance services to businesses and individuals throughout Massachusetts and Rhode Island, recently acquired East Boston Savings Bank (EBSB). EBSB’s customer base had a number of consumers with escrow needs. As a result, Rockland Trust required a solution to accommodate the master and subaccounts that would be onboarded upon the closing date. Through its partnership with ZSuite, Rockland Trust now offers that solution with the ZEscrow platform.
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“Conventional escrow and sub-accounting are manual and extremely resource-intensive for everyone involved,” said Karen DelPrete, FVP at Rockland Trust. “There are very few companies in our industry that offered the deposit escrow products that we needed to welcome our new EBSB customers. We were thrilled to learn ZSuite offered a solution, which was the most robust and cost effective of the solutions we explored. Offering ZEscrow allows us to service, not only EBSB and existing customers, but also build relationships with new customers who want access to this product.”
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An advocate for the technological and financial growth of banks and credit unions, ZSuite offers SaaS solutions as a unique, value-add service. Its suite of product offerings, ZRent and ZEscrow, enable financial institutions to increase low-cost, core deposits, improve the customer experience and reach clients beyond their branch footprint through online channels. Serving the underserved and unknown niche markets within its already present customer base, these all-digital solutions are exclusively available to banks and credit unions with the capability of individualized customization.
“As Rockland Trust welcomes EBSB customers, it’s critical that they provide innovative technology with optimal value to meet their new customers’ needs,” said Nathan Baumeister, CEO of ZSuite. “We are excited to partner with Rockland as they continue to grow by enhancing their digital offerings to include ZEscrow.”
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