Centier Bank, an Indiana-based privately-owned independent bank, has extended its contract with the SEI Wealth Platform for an additional three years.
The bank adopted SEI’s single-infrastructure wealth management platform in January 2013, becoming SEI’s first US bank client.
Centier Bank senior vice president and director of wealth management Timothy Coleman said: “When we converted to the SEI Wealth Platform in 2013, we were excited to employ the high levels of customization, configuration, and approval functions offered by the Platform to better unify our systems and processes.
“We need partners who understand the industry, embrace innovation, and will work with us as we continue to grow. We have this type of partnership with SEI and we look forward to continuing our work with them.”
The contract extension will allow SEI to offer investment and back-office core processing services, outsourced management services and client services solutions to Centier.
SEI Wealth Platform senior vice president of North America private banking Al Chiaradonna said: SEI aims to help Centier grow by providing the bank with flexible, simplified technology infrastructure, which allows for faster response times and embedded efficiencies.
“It’s our goal to help our clients integrate disconnected processes and programs, giving them the required ability to focus on actual wealth management and increasing their overall revenue.”