About Us

A CIO of a midsize bank commissioned Fontanus in 2003 to evaluate several IT projects and to recommend and provide solutions. One of these projects was wire automation. The CIO identified this project as a priority because he wanted to minimize the incremental costs to growing the wire business. He did not have the wire volume to justify a typical wire solution, which is built for larger banks. Such solutions are often too expensive. Nonetheless, the right level of automation could offer his bank and other small and midsize banks significant cost savings. Automation can also enable banks to scale up their wire operation quickly without requiring significant human resources. 

The Speedbumps Banks Face

Cuong James, President of Fontanus, and the CIO recognized that banks in this stage of growth often opt to continue with their paper-and-fax process. Others have homegrown electronic solutions that are significantly limited in functionality. These banks are ill equipped to compete with their larger competitors for new wire business. Moreover, post-9/11 federal legislations require all banks to check each sender and receiver against lists of known and suspected terrorists. These legislations recommend an automated system, such as EZWire. These ill-equipped banks now face an even tougher situation: compliance or profit.

The Remedy and the Genesis of a New Partnership

Addressing this gap between market need and lack of available solutions, James and the CIO teamed up to create Digital Bankworks. Digital Bankworks provides affordable technology solutions to banks large and small. 

The Right Technology for the Right Price

EZWire is our first product. New technologies enable us to bring to market an affordable wire solution with the right level of automation.

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