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FIS and New Zealand’s ANZ Complete Seamless Core Bank Migration - FIS™, the world’s largest provider of banking and payments technology, announced the successful migration of ANZ New Zealand’s core bank system onto a single FIS core platform (NYSE: FIS) - FISglobal.com
FIS and New Zealand’s ANZ Complete Seamless Core Bank Migration

 

NewswireToday - /newswire/ - Jacksonville, FL, United States, 2013/01/15 - FIS™, the world’s largest provider of banking and payments technology, announced the successful migration of ANZ New Zealand’s core bank system onto a single FIS core platform (NYSE: FIS) - FISglobal.com. NYSE: FIS

   
 
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• ANZ migrates nearly 3 million customer records onto FIS core platform;
• AU$46 billion (U.S. $48 billion) moved equivalent to one-third of New Zealand’s GDP.

This conversion project, one of the largest in the bank’s history, was completed without a single high-priority incident.

Tracing its roots more than 175 years, ANZ is a market leader in Australia and New Zealand, serving nearly 8 million customers worldwide. In 2003, ANZ acquired National Bank of New Zealand and has been running the two organisations on separate platforms since the acquisition. Under the terms of the acquisition, the bank was required to migrate away from the acquired brand and decided to consolidate onto the FIS platform in use within the National Bank of New Zealand. FIS was chosen due to the breadth of solutions offered, its focus on the local market and strong cultural fit with ANZ.

Over the course of the migration weekend, AU$46 billion of funds were moved, along with nearly three million customer records accounting for current deposit accounts, credit card and loan accounts.

“We are delighted with the consolidation onto the FIS core platform,” said Craig Sims, COO of ANZ. “Given the scale and complexity of the project, to have completed it without any major incident is a significant achievement. FIS has worked with us as an integral part of our team. They understand our business and have an absolute focus on delivery.”

“The consolidation programme was a huge success,” said Richard Palmer, Managing Director for FIS, Australasia. “FIS offers the broadest solution set in the market and time and again has set the standard for core banking excellence around the world. ANZ’s selection of FIS as its core banking provider is a testament to our ability to deliver the combination of world-class capabilities, processing scale, power and reliability that will help the bank achieve its strategic operational and growth goals.”

About FIS
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.

Contact: Mary Waggoner, SVP, FIS Investor Relations
P: 904-438-6282 - E: mary.waggoner[.]fisglobal.com.

 
 
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Written by / Agency / Source: FIS

 
 

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FIS and New Zealand’s ANZ Complete Seamless Core Bank Migration

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FIS |
Publisher Contact: Kim Snider - FISglobal.com 
904-438-6278 kim.snider[.]fisglobal.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FIS securities in any jurisdiction including any other companies listed or named in this release.

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