PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: FIS

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

FIS Expands Consumer Lending Offering through Acquisition of CMSI - FIS™ announced the acquisition of CMSI, a premier provider of consumer loan origination software and services - FISglobal.com
FIS Expands Consumer Lending Offering through Acquisition of CMSI

 

NewswireToday - /newswire/ - Jacksonville, FL, United States, 2014/04/14 - FIS™ announced the acquisition of CMSI, a premier provider of consumer loan origination software and services - FISglobal.com. NYSE: FIS

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering E-Business B2B/B2C Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Acquisition expands FIS’ total lending offering to North American financial institutions.
• Combination creates a premier end-to-end loan life cycle management offering for direct and indirect lenders across North America.
• Addition of CMSI brings new top-tier capabilities that enable FIS to better support the lending needs of a wider range of institutions.

Underscoring its commitment to serve the consumer lending needs of North American financial institutions, FIS™, the world’s largest provider of banking and payments technology, today announced the acquisition of CMSI, a premier provider of consumer loan origination software and services.

“Lending remains the No.1 driver of revenue for financial institutions, yet they continue to struggle with inefficiencies created by the use of disparate and siloed lending systems and processes throughout the full loan life cycle,” noted Rachel Landrum, executive vice president, FIS. “Combining CMSI’s underwriting solution automation with FIS’ closing, servicing and portfolio management capabilities creates a top-tier solution set that uniquely addresses these inefficiencies within lending organizations of all sizes. We believe the addition of CMSI better positions FIS to capitalize on the significant opportunities within the consumer lending space.”

Founded in 1987, CMSI is a leading provider of consumer loan origination and portfolio management software to a broad spectrum of financial institutions within the U.S. and Canada ranging from community-based institutions to large, international lenders.

Terms of the transaction were not disclosed.

About CMSI
CMSI is a premier provider of consumer loan origination software. With 25 years of experience in the credit processing industry, CMSI is a leader in open-architecture software products and services. Our state-of-the-art products automate the entire consumer credit process from origination, through credit analysis, and contracting for direct and indirect lenders all over the country. CMSI can fully support all your consumer lending products, including Auto Retail and Lease, Home equity, RV, Marine, Credit Card, and Student Lending. Specializing in systems that combine precise business information with the latest technology has made CMSI’s solutions the choice of leading financial institutions in the U.S. and Canada.

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 110 countries. Headquartered in Jacksonville, Fla., FIS employs more than 39,000 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 434 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.

Forward-Looking Statements
Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of federal securities laws. Any statements that refer to beliefs, expectations, projections or other characterizations of future events or circumstances and other statements that are not historical facts are forward-looking statements. Because such statements are based on future economic performance and are not statements of fact, actual results may differ materially from those projected. 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, developmental and conversion delays inherent with new software products and technology, and risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in or new laws or regulations affecting the banking, retail and financial services industries, changes in the growth rates of the markets for our solutions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Other unknown or unpredictable factors also could have a material adverse effect on our business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward- looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, we do not undertake (and expressly disclaim) any obligation and do not intend to publicly update or review any of these forward- looking statements, whether as a result of new information, future events or otherwise.

Contact: Nancy Murphy - Senior Vice President FIS Investor Relations
P: +1 904-438.6192 - E: nancy.murphy[.]fisglobal.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering E-Business B2B/B2C Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: FIS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
E-Business B2B/B2C articles,
CATCH Visitors via Your Competitors Announcements!


FIS Expands Consumer Lending Offering through Acquisition of CMSI

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

FIS Global | CMSI
Publisher Contact: Kim Snider - FISglobal.com 
904-438-6278 kim.snider[.]fisglobal.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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.

E-Business B2B/B2C via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From FIS / Company Profile


Read E-Business B2B/B2C Most Recent Related Newswires:

FIS to Sell Majority Interest in Capco Consulting Business to Clayton, Dubilier & Rice
SThree Group Accelerates Back Office Handling with FinancialForce
Ten Startup Companies Selected for Global FinTech Accelerator - Empowered by FIS
Leading European Headhunting Firms Opens New Customer Success Practice to Support SaaS Firms
FIS and The Clearing House Speed the Way to Real-Time Payments with New Incubator Service
FinancialForce Outranks Competition and Emerges as Professional Services Automation (PSA) Market Leader in Latest G2 Crowd Grid℠ for PSA
K4Connect to Speak on IoT Security at IoTFuse
Caterpillar, Inc. Selects FIS for Corporate Liquidity Solutions
Silvergate Bank Transforms its Technology, Launches New Core from FIS
FIS Powers Mirae Asset Securities’ Entrance into U.S. Financial Markets
ATEN Strengthens its Position in the Professional IT and AV Markets in ISE 2017
Cincinnati Bell Implements FinancialForce PSA for Project Management
FIS Earns Numerous Industry Recognitions
TRUSTe / EDAA Research Shows Digital Advertising Self-Regulatory Programme Continues to Improve Consumer Attitudes Towards Interest-Based Advertising
FinancialForce Sees Public Sector Growth As G-Cloud Supplier

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Explorers Vacation Club

Visit MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)