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Barclays Customers In U.S. Gain Real-time Access Banking With Deployment Of FIS’ Core Platform

Stocks in this article: FIS

FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that Barclays has deployed FIS’ Profile ® core account processing solution to support the launch of the bank’s new online savings and CD products for U.S. consumers.

FIS’ Profile core solution provides Barclays with a turnkey solution with real-time account processing and online account origination, enabling the bank to provide customers with a seamless and secure experience in account opening and ongoing service. Deploying Profile will enable Barclays to provide competitive products and solutions to its U.S. customers, including high-yield certificates of deposit (CDs) and high-yield savings accounts. Profile’s intuitive online experience provides Barclays customers an easy way to open an account, deposit funds or checks remotely, view account information and link to deposit accounts at other financial institutions in the U.S.

“We are excited about expanding our presence in the U.S. with the launch of the new online consumer bank,” said Steve Carp, General Manager-U.S. Deposit Products, Barclays. “Profile’s rich functionality and configurability make it an ideal solution for this exciting new endeavor for Barclays.”

“Profile’s real-time architecture enables Barclays and its customers to have instant access to customer account information with immediate updates available. The ability to process information in real time is a key differentiator for Barclays within the U.S. deposit products marketplace,” said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “Using Profile as its core processing solution provides Barclays with a proven real-time solution that combines lower cost-of-ownership benefits with the ability to quickly enhance its products and services. This is a win-win deployment for Barclays and its customers.”

Profile is FIS’ premier real-time, ultra-scalable core banking system. Profile’s real-time processing architecture provides immediate updates to the system of record and completes every transaction at the point of sale. It is a fully integrated solution that includes customer and banking product, account and transactional requirements. Loan and deposit products are supported by an extensive inventory of configurable features that are shared across all banking lines of business. Profile supports hundreds of institutions, ranging from de novo startups to top-tier global banks, making it the premier choice for organizations committed to a continuously available solution.

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