Hanover Bank Announces Core Banking System Conversion to Drive Digital Growth

Core Banking System Upgrade - Hanover Bank has successfully completed its conversion to a new core banking system on February 18, 2025, aimed at enhancing the banking experience for clients and streamlining operations for employees [1][3][5] - The upgrade is part of Hanover Bank's evolution into a more business-focused financial institution, enabling the provision of digitally forward business banking solutions [2][5] Customer Experience and Service Enhancement - The new system is designed to improve customer experience by offering better functionality, enhanced user interfaces, and digital banking tools, which will increase convenience and responsiveness [7][8] - Comprehensive training has been provided to employees to maximize the capabilities of the new system, allowing for faster and more accurate service delivery [4][5] Security and Customization - The upgraded core banking system features state-of-the-art security protocols to safeguard client data and transactions, addressing the growing importance of security in digital banking [7] - It allows for customizable business solutions, enabling tailored product offerings and integrated banking solutions for clients [7] Operational Efficiency and Profitability - The new core system is expected to improve operational efficiency by better resource management, reducing operational costs, and enhancing profitability, positioning the bank for continued growth [8] - Enhanced reporting tools will provide real-time insights, supporting informed decision-making and business strategies [8]