Aite Group recognizes FIS' excellence in core banking solutions
with three honors
? Awards recognize excellence in vendor experience, technology and
ease of integration
(NYSE:FIS), the world's largest provider of banking and payments
technology, announced that Aite Group has honored it with three
market-leader awards, raising to 10 the number of such recognitions FIS
has received in 2012 for its core bank-processing solutions.
In its new report, The Leading U.S. Core Vendors: Fueling Financial
Institution Initiatives, the independent research and advisory firm
recognized FIS with awards in the categories of vendor experience,
technology and ease of integration. Aite Group focuses on business,
technology and regulatory issues that affect the financial services
Its report analyzed the U.S. core system replacement market, key trends
shaping its future and business drivers that will drive increased
momentum. It also compared U.S. bank and credit union core system
offerings and changes in the competitive landscape. FIS' awards honored
FIS' strategic real-time core banking solution, as recipient of the Leader
of the Pack Award. It recognizes the vendor overall experience in
a specific market, including total client base in the designated
market segment, number of signed clients for the proposed solution and
Profile as the recipient of the Technology Award, recognizing
its high level of technological sophistication, including solution
architecture and interoperability, reliability, security and
scalability. Profile serves more than 200 clients globally.
solution, which won the Alliance Award. It recognizes ease of
integration with other third-party solutions, including quality and
depth of integration with third-party solutions, ease of
implementation and incremental cost to add an ancillary service or
"We are honored to be acknowledged for our core processing solutions,"
Jabbour, executive vice president, FIS Financial Solutions
Group. "Our continued objective seeks to provide leading technology
solutions that enable our clients to achieve their strategic operational
goals, mitigate risk and drive growth in their target markets. This
outside recognition validates the strength and quality of our solutions
and the benefits they bring to our clients."
According to a recent study by Aite Group, U.S. financial institutions
are expected to invest more than $4 billion in core system replacements
over the next three years. "With an increase forecasted in U.S. core
replacement systems over the next few years, core solution providers
must deliver platforms that meet their clients' growing regulatory and
compliance needs and tools that set them apart from their competitors,"
said Christine Barry, research director, Aite Group. "FIS continues to
be a leading player in the core solutions market with comprehensive
offerings that address the growing challenges of financial institutions
of all sizes."
Personalized service, competitive choices and maximum client experience
are the standards that set FIS' solutions apart. They provide clients
with the means to meet, and often exceed, their strategic business
goals. Financial institutions of every size are turning to FIS for
technology that adapts to their clients' changing needs while still
driving revenue and mitigating risk. Thirty of the top 100 banks employ
a fully outsourced FIS solution.
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.
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.
Kim Snider, 904.438.6278
FIS Global Marketing
Senior Vice President