InteliData Technologies Corp. , a pioneer in Internet banking and Electronic Bill Payment and Presentment technology and services, announced the appointment of Neal F. Finnegan, 62, to its Board of Directors.
Formerly Chairman and CEO of US Trust, he currently serves as President of Lumber Mutual Insurance Company, Chairman of Citizens Bank of Massachusetts, and a Director of Citizens Financial Group. Mr. Finnegan brings more than 40 years of experience in the financial services industry to InteliData.
Before joining Lumber Mutual, he was Chairman and CEO of US Trust, a $6 billion banking company, from 1993 to 1999. During that time, he organized the banking company’s successful turnaround, led a series of strategic mergers with financial institutions and insurance companies, and guided US Trust through its merger with Citizens Bank. Between 1993 and 1999, US Trust’s assets grew from $1.8 to $6 billion.
Prior to 1993, Mr. Finnegan held top positions with several financial institutions including: Executive Vice President at Bankers Trust Company of New York; President of the Bowery Savings Bank; President and Chief Executive Officer of Worcester Bancorp; and Vice Chairman of Shawmut Bank of Boston. Mr. Finnegan holds a B.A. in finance from Northeastern University, and an M.B.A. from Babson College.
“Neal is one of the earliest pioneers and advocates of technology in banking, and we are fortunate to have him join our Board of Directors,” said Al Dominick, President and CEO of InteliData. “Neal’s career experience – especially regarding technology for our industry since the 1980s – to grow financial services firms in innovative ways is a singular competitive value for our company, shareholders and customers.”
“InteliData is positioned unlike any other company to make the EBPP marketplace a practical reality for institutions and individual consumers,” said Mr. Finnegan. “We’re only just beginning to see the payoff on next- generation technology as it takes hold among banks, credit unions and financial institution processors. This is precisely where I want to be to help shape the future of this dynamic company and realize exciting change in the financial markets as it benefits consumers and businesses alike.”
Adding Neal Finnegan to its Board of Directors brings to eight the number of InteliData’s board members. They include Alfred S. Dominick, Jr., President and CEO of InteliData; William F. Gorog, Chairman of InteliData; Patrick F. Graham, Director of the Global Strategy Practice of A.T. Kearney, Inc; John J. McDonnell, Jr., a private investor; L. William Seidman, publisher of Bank Director magazine and chief commentator on CNBC-TV; Norman J. Tice, Chairman Emeritus of the Board of Directors of MasterCard International, Inc.Global; and Charles A. White, Vice Chairman of InteliData.
InteliData provides Internet banking and Electronic Bill Payment and Presentment (EBPP) technology and services to banks, credit unions, and financial institution processors. InteliData’s EBPP products offer banks and other financial institutions an end-to-end solution for creating e-bills for billers, distributing e-bills and e-payments through multiple delivery channels, delivering e-bills to consumers, and enabling payment of bills through multiple payment processors utilizing OFX and IFX messaging standards. InteliData’s Internet banking products provide large financial institutions throughout the U.S. with unsurpassed scalability, flexibility and security in supplying real-time, Internet based banking services to their customers.
For more information about InteliData, visit the company’s Web site at [http://www.intelidata.com].