This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FIS Launches First Cloud-based, Real-time Core Banking Utility For Mid-tier Central And Eastern European Banks

Providing mid-tier banks the ability to leverage real-time banking capabilities while controlling costs, FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced the launch of its first cloud-based, real-time core banking utility for mid-tier banks in Central and Eastern Europe.

“The world of banking is changing and we are seeing increasing demand for outsourcing and SaaS offerings,” said Jonathan Davis, Managing Director of Outsourcing, FIS. “Mid-tier banks often find it difficult to build the investment case to upgrade their legacy systems to provide real-time capabilities that deliver true market advantage but market demands are driving them to find cost economies without compromising on functionality. With FIS Profile in the cloud, mid-tier banks in the region now have a core banking platform that can enable them to launch innovative and competitive new products quickly and cost effectively.”

The service, hosted by Krajowa Izba Rozliczeniowa S.A. (KIR), the Polish payment processor and central clearing house for the country’s banking sector, will drive cost savings – without compromising functionality – by enabling banks to run their core banking products on a hosted version of FIS Profile. Amongst other efficiency benefits, the new service will:

  • Provide access to established product libraries, dramatically cutting the time required to launch new products to the market
  • Provide a holistic view of the customer’s banking relationship, enabling banks to create better offerings tailored to individual customers
  • Leverage a real-time banking system that is better matched to today’s consumer needs for seamless integration to new digital channels
  • Deliver one of the lowest total costs of ownership in the industry

Commenting on the launch, Aite Group Research Director Christine Barry said, “There will be a demand from mid-tier banks in countries like Poland for a true Software-as-a-Service (SaaS) model which delivers access to a leading banking solution, such as FIS Profile, at an affordable cost.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs