Bound Brook, 08805, NJ,
United States
Somerset Savings Bank Technographics
Somerset Savings Bank Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Somerset Savings Bank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 160 Somerset Savings Bank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Somerset Savings Bank has purchased the following applications: Fiserv Cleartouch Bank Platform for Core Banking in 2010, Xandr Invest (ex AppNexus DSP) for Digital Advertising Platform in 2020, Fiserv AML Manager for AML, Fraud and Compliance in 2010 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Somerset Savings Bank is running and its propensity to invest more and deepen its relationship with Fiserv , NCR Voyix , Microsoft or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Somerset Savings Bank revenues, which have grown to $25.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Somerset Savings Bank intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Somerset Savings Bank Tech Stack and Enterprise Applications
Somerset Savings Bank ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Fiserv | Legacy | Fiserv Cleartouch Bank Platform | Core Banking | ERP Services and Operations | n/a | 2010 | 2011 |
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Digital Banking | ERP Services and Operations |
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2015 | 2015 |
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Somerset Savings Bank CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Xandr Invest (ex AppNexus DSP) | Digital Advertising Platform | CRM | n/a | 2020 | 2020 |
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Digital Advertising Platform | CRM |
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2020 | 2020 |
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Tag Management | CRM |
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2018 | 2018 |
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Tag Management | CRM |
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2018 | 2018 |
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Somerset Savings Bank TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Fiserv | Legacy | Fiserv AML Manager | AML, Fraud and Compliance | TRM | n/a | 2010 | 2011 |
In 2010, Somerset Savings Bank deployed Fiserv AML Manager to support AML, Fraud and Compliance operations. The implementation centralized BSA, AML and OFAC monitoring under Fiserv AML Manager and designated the Bank Secrecy Act Officer as the program owner responsible for policy maintenance and regulatory filing oversight.
Fiserv AML Manager was configured to provide transaction monitoring, alert generation, investigative case management, suspicious activity report preparation, currency transaction report support, and OFAC screening. The bank used the application to maintain and update BSA/AML/OFAC policies and risk assessments, perform enhanced due diligence on high risk customers, and prepare the monthly BSA status report presented to the board.
The bank’s hiring materials reference familiarity with Fiserv Cleartouch and Fiserv FCRM alongside Fiserv AML Manager, indicating those products were relevant to the compliance operating environment. Operational scope included handling FinCEN 314a information requests, managing CIP and EDD controls, and routing monitoring alerts and staff referrals to the BSA Officer for investigation.
Governance was implemented through formal BSA Officer responsibilities, annual employee training requirements, and documented procedures for SAR and CTR filing within the Fiserv AML Manager environment. Processes emphasized case workflow discipline, regulatory record collection for subpoenas and levies, and regular review cycles for policies and risk assessments to meet regulatory expectations.
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Somerset Savings Bank PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Transactional Email | PaaS |
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2023 | 2023 |
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Transactional Email | PaaS |
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2023 | 2023 |
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Somerset Savings Bank IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Content Delivery Network | IaaS |
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2023 | 2023 |
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Content Delivery Network | IaaS |
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2023 | 2023 |
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Somerset Savings Bank CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Secure Email Gateways (SEGs) | CyberSecurity |
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2015 | 2015 |
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Secure Email Gateways (SEGs) | CyberSecurity |
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2015 | 2015 |
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Web Application Firewalls (WAF), Phishing Protection | CyberSecurity |
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2023 | 2023 |
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Web Application Firewalls (WAF), Phishing Protection | CyberSecurity |
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2023 | 2023 |
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IT Decision Makers and Key Stakeholders at Somerset Savings Bank
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
| No data found | ||||||
Apps Being Evaluated by Somerset Savings Bank Executives
| Date | Company | Status | Vendor | Product | Category | Market |
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| No data found | ||||||