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BMO Harris Bank And FIS Extend Partnership With New Multi-year Agreement

Stocks in this article: FIS

Highlighting the strength of the relationship with its clients, FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that it has signed a new five-year agreement with long-time client BMO Harris Bank. The agreement extends the partnership with FIS and encompasses multiple back-end and customer-facing business areas within the bank including core processing, mobile financial services, online bill payment, trust services and EFT processing. The bank is also a member of the NYCE® Payments Network.

“The relationship between FIS and BMO Harris extends back nearly 20 years,” said Gary Norcross, president and chief operating officer, FIS. “A relationship of this length and scope is a testament to FIS’ ability to deliver the banking and payments solutions and expertise that enables BMO Harris Bank to operate more efficiently. There are numerous players in the financial technology space and we are proud that BMO Harris Bank continues to rely on FIS to keep the bank innovative and competitive so they remain at the forefront of the financial services industry.”

BMO Harris utilizes an FIS core banking platform to process more than 3.6 million accounts. Pre-integration from the core to the bank’s consumer-facing channels enables the bank to more efficiently meet the on-demand sales and service needs of its customers across the branch, online and mobile channels. Through a new maintenance and managed services agreement, FIS will provide more back-end processing and system management services, enabling the bank to focus on its strategic growth initiatives.

About FIS

FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500 ® Index. For more information about FIS, visit www.fisglobal.com.

Forward-Looking Statements

This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.

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