• Deployment extends Profile's real-time capabilities in the U.S. market;
• Provides consumers with seamless, secure experience in account opening;
• Further extends market penetration of FIS' Profile solution among direct banks.
FIS™ (NYSE: FIS), the world's largest provider of banking and payments technology, today announced that Barclays has deployed FIS' Profile® core account processing solution to support the launch of the bank's new online savings and CD products for U.S. consumers.
FIS' Profile core solution provides Barclays with a turnkey solution with real-time account processing and online account origination, enabling the bank to provide customers with a seamless and secure experience in account opening and ongoing service. Deploying Profile will enable Barclays to provide competitive products and solutions to its U.S. customers, including high-yield certificates of deposit (CDs) and high-yield savings accounts. Profile's intuitive online experience provides Barclays customers an easy way to open an account, deposit funds or checks remotely, view account information and link to deposit accounts at other financial institutions in the U.S.
"We are excited about expanding our presence in the U.S. with the launch of the new online consumer bank," said Steve Carp, General Manager-U.S. Deposit Products, Barclays. "Profile's rich functionality and configurability make it an ideal solution for this exciting new endeavor for Barclays."
"Profile's real-time architecture enables Barclays and its customers to have instant access to customer account information with immediate updates available. The ability to process information in real time is a key differentiator for Barclays within the U.S. deposit products marketplace," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "Using Profile as its core processing solution provides Barclays with a proven real-time solution that combines lower cost-of-ownership benefits with the ability to quickly enhance its products and services. This is a win-win deployment for Barclays and its customers."
Profile is FIS' premier real-time, ultra-scalable core banking system. Profile's real-time processing architecture provides immediate updates to the system of record and completes every transaction at the point of sale. It is a fully integrated solution that includes customer and banking product, account and transactional requirements. Loan and deposit products are supported by an extensive inventory of configurable features that are shared across all banking lines of business. Profile supports hundreds of institutions, ranging from de novo startups to top-tier global banks, making it the premier choice for organizations committed to a continuously available solution.
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.
For More Information:
Mary Waggoner, Senior Vice President
FIS Investor Relations
P: 904.438.6282 / E: mary.waggoner[.]fisglobal.com.