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About MBS

We are actually spoiled. When it comes to taking care of your clients, you are AAA compared to the competition.

MARK WHITE, COLESBURG, IA

Who is Modern Banking Systems?

Modern Banking Systems (MBS) is a leader in core bank processing software, solutions, and technology innovation. We examine the challenges facing today’s community banks and provide solutions so you can operate an efficient and successful business. We offer hosted, in-house, service center, and service bureau (outsourced) solutions designed specifically for community banks.

Modern Banking Systems Believes in Partnerships

Partnerships help build trust and allow an exchange of ideas and help when needed. We partner with community banks to deliver flexible, real-time core processing solutions. Leveraging our knowledge of the banking industry, we’re able to create world-class core processing solutions that incorporate more than just the latest technology. We developed our core software, Essentia, to power community banks –like yours– and see it as one of the most powerful, flexible, user-friendly core processor platforms available today. Essentia gives you complete control of your bank.

We Are a Core Data Processing Technology Company

We’re a core data processing technology company that is designed to put you ahead of the competition. We listen to you before we offer any of our core solutions. We talk about processes before processors. We specialize in community banks and respect that your bank is unlike any other bank. You have your own set of goals, challenges, and opportunities. And we’ll help you integrate technology that’s designed to meet your goals, overcome those challenges, and maximize your opportunities. We pride ourselves on providing reliable, personalized service to make sure you’re getting the most from your core solution. Not only is our approach a little different, so is our business. If this works for you, we can definitely help your bank.

At MBS, we answer your calls personally. Maintaining a satisfied customer base is one of our highest priorities. This is achieved by giving our customers support services that are unequaled in the industry. Our solid technology background combined with the latest breakthroughs in performance-enhancing solutions allow us to offer our customers fast, efficient, and cost-effective solutions that help improve and grow their financial institution.

We offer flexible and scalable solutions for our in-house, hosted, service center, and service bureau (outsourced) platforms–each with a powerful integration feature.

We Develop Bank Products and Solutions That Work for Your Bank

  • work for your bank and allow you to focus on growth
  • function the way you operate
  • incorporate the work flow you prefer
  • are reliable, proven, and competitively priced
  • can be specifically tailored for your bank

We understand banking and we can help evaluate risk, enable regulatory compliance, and safeguard your reputation. We adapt as your needs change, with speed, efficiency, and cost-effectiveness that larger companies just can’t match. Our core banking solutions and responsive service strengthen your bank’s infrastructure, enabling you to deliver best-in-class banking to your customers.

We know that our customers’ success is our success. We use customer-centered focus groups to identify and implement changes to our core. It’s important to understand what challenges and regulations our community bank’s face; what they need to make their jobs secure and more efficient; and what tools are necessary for a bank to understand and respond to their connected customers. Our goal is to know our customers so well that we can anticipate their changing needs and to proactively provide the right solutions. The better you know your customer, the better chance of success. Knowing your customer is key.

mIKE cRONIN, CEO, MBS

Our bank core data processing software is continually progressing with ongoing enhancements, the regular introduction of new products and services, the integration of new technologies, and strict regulatory compliance. We believe our customers have the best insight to what their customers want and need; therefore, we regularly gather input from our customer-based focus group.  We value the community banker’s suggestions and ideas regarding future enhancements. This win-win feedback process leads to incorporating functional innovations regularly.

Why Choose Us As Your Next Core?

MBS has provided our bank with service and support for thirty years. It is important to do business with people you trust and understand. MBS makes and keeps their commitments.

Jay Randall, Community Bank, Dunlap, IA
$96M in assets

Our Partnership Philosophy

Our partnership philosophy provides protection for your investment far beyond historical industry norms. We always start our process by an in-depth interview in addition to completing a detailed survey of what your bank requires to stay competitive and to meet customer demands. Next we design a total solution that is specifically tailored to meet your and your customer’s objectives. Finally, since every bank is unique, every solution is also unique. Your solution is created just for you, giving you what you want and what your customers want.

The History of Our Company

Dan Cronin founded our parent company, Interstate Business Equipment, Inc. (IBE), in 1964, to provide community banks with hardware, sales, and support services. Dan spent 15 years with National Cash Register (NCR) in marketing and product development. IBE provided refurbished Proof and Post-Tronic machines, programming, and hardware maintenance to community banks. IBE developed a hardware service customer base of more than 300 banks.

In 1975, when the mini-computer came of age, Modern Banking Systems, Inc. (MBS) was founded to develop and market turn-key electronic data processing solutions (core) to community banks as a subsidiary of IBE in Omaha, Nebraska. MBS quickly established itself as a single-source core data processing provider. Today, we’re a leading provider of core banking software and solutions for community banks. We are a small company made up of some really big thinkers.

MBS and IBE support community bank core installations throughout the country in banks ranging from $8 million in assets to over $2 billion in assets.  The IBE and MBS staff consists of more than 60 people involved in program development, installation and training, customer service, hardware research, maintenance and repair, operational consulting, and sales and marketing activities.

Two fundamental philosophies have always been our driving force:

  1. We believe our customers are our partners.
  2. We will provide a complete solution to our customers.

Heading toward 60 years of service, we’ve continued to be independent, and to build our business based on providing a total solution and a strong partnership with our clients. Want to talk more? Talk to Ron.

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