CHICAGO--(BUSINESS WIRE)--CetoLogic, a provider of software and analytics for financial institutions and retailers, announced at the 2014 BAI Retail Delivery Conference that its cash management solution, C3 Financial, now integrates with Glastonbury, Conn.-based BBN’s coin and currency platform. The platform, which is accessed through the bank’s portal, STARS, provides cash management, enhanced ordering, transaction processing with settlement services and predictive analytics to its more than 200 community bank and credit union clients throughout New England and New York State.
“Our coin and currency platform reduces costs through shared armored courier route economies, saving an average of 15 to 30 percent,” said Crystal Sides, senior vice president of BBN. “Through our partnership with CetoLogic, clients now have a powerful tool to help generate additional revenue by reducing up to 30 percent in excess cash. The integration of C3 Financial with our armored car providers, and our money suppliers, offers our clients greater levels of functionality without having to alter the existing processes each financial institution has to manage its coin and currency service and operations.”
C3 Financial’s predictive analytics and forecasting capabilities solve the challenges of managing branch and ATM cash demands for BBN’s clients. Users of C3 Financial become less dependent on branch interpretations of cash limits, and are thereby able to better align their branch and ATM cash positions.
“CetoLogic’s partnership with BBN unites two trusted banking brands to offer a comprehensive and scalable cash management solution with considerable cost savings,” said David Austin, vice president of CetoLogic. “CetoLogic’s C3 Financial enables BBN’s clients to more effectively manage the movement of currency, which is their largest nonearning asset, so they can dedicate their time to identifying new investment or community opportunities.”
About Bankers’ Bank Northeast
Bankers’ Bank Northeast (BBN) is an award winning correspondent bank offering services to community banks and credit unions throughout New England, New Jersey and New York. Since 1998, BBN has provided innovative, high quality and competitively priced financial solutions that support client initiatives for meeting their strategic objectives. BBN takes a consultative approach to business and offers investment, credit, operational, risk control and lending options.
About CetoLogic
Atlanta, Ga.-based CetoLogic provides software solutions and analytics to financial institutions and retail organizations. CetoLogic proudly services the needs of more than 1,500 clients in 50 states and Canada by providing “Smart Solutions that Make Dollars and Sense.” CetoLogic is the designer of C3 Financial, a web-based cash forecasting and management software. CetoLogic also pioneered Deposit Reclassification, a retail sweep program designed to eliminate reserve balances. CetoLogic’s solutions improve earnings, efficiencies, risk management and operations. For more information about CetoLogic’s solutions, call 1.877.495.0687 or visit their website at www.cetologic.com.
