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 back-office operations.
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 processing, eBanking, electronic 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 (fisglobal.com) 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.
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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Mary Waggoner, SVP, FIS Investor Relations.