Fidelity National Information Services : FIS' Strategic Focus Encourages Bristol County Savings Bank to Extend Relationship
07/02/2012| 08:20am US/Eastern
Bank Continues Commitment to Core Platform and Other Solutions
(NYSE:FIS), the world's largest provider of banking and payments
technology, today announced that Bristol County Savings Bank has signed
a long-term renewal agreement for FIS' core
account processing. FIS will continue to power the bank's front- and
Bristol County Savings Bank, founded more than 165 years ago, is a
full-service financial institution providing business and personal
banking, commercial lending and mortgage services, as well as
investment, financial planning and insurance product lines.
Headquartered in Taunton, Mass., the bank has branches throughout
southeastern Massachusetts and northern Rhode Island and assets of more
than $1.3 billion. With a strong focus on providing exceptional service
and value to their customers, Bristol County Savings Bank elected to
renew its core solution agreement for FIS' core platform which enables
the bank to provide outstanding products and services, allowing it to
better compete with larger banks in the area.
FIS is a leader in delivering core processing solutions to the community
bank market. The comprehensive features of FIS' core platforms enable
financial institutions to increase operational efficiency and
productivity and to mitigate risk. In addition, the flexible and easy
access to customer information provides community bankers the ability to
forge stronger relationships with their customers, leading to increased
growth and customer retention.
Bristol County Savings Bank utilizes several other FIS solutions in
addition to the core account processing platform. Some of those
solutions include FIS' remittance
funds transfer (EFT) and Business
eBanking treasury cash management.
"After a careful review of several service providers, it was clear that
FIS was the best partner for the bank," said Bob DeMoura, executive vice
president and CIO, Bristol County Savings Bank. "The continued strategic
focus of FIS gives us the confidence that we will be ready for
unforeseen challenges that are just around the corner, as well as those
further on the horizon."
"Increasingly, the lines of differentiation between financial
institutions have become blurred," said Anthony
Jabbour, executive vice president, FIS Financial Solutions Group.
"To compete effectively, financial institutions must find ways to stand
out from the crowd. Through using FIS' industry-leading core processing
platform, Bristol County Savings Bank has taken a strategic approach to
discovering ways to offer better products and services to their
customers - enabling them to compete, grow and thrive."
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
© Business Wire 2012