• FIS will manage all of U.S. Century Bank’ back office operations, including collections and compliance, online banking, mobile banking, document management and more.
• U.S. Century Bank also selected FIS to deliver new customer servicing capabilities for the bank’s fast growing mobile channel.
• Agreement supports banks goal of transforming operations through both back office efficiencies and customer-facing initiatives.
FIS™, the world’s largest provider of banking and payments technology solutions, and a global leader in consulting and outsourcing solutions, announced that it has signed a new multiyear IT managed services agreement with Florida-based U.S. Century Bank
Under the new agreement, FIS will provide a full spectrum of technology services managing the bank’s back office operations to increase efficiency while also expanding customer offerings through innovation. FIS will provide U.S. Century its first mobile banking solution, including remote deposit. FIS also will deliver its collections and compliance suite, online banking, document management, deposit origination and more. The goal is to enable the bank to focus its efforts on growth, increase its capabilities and expand its functionality.
Streamlining operations and adopting additional mobile capabilities are growing trends among financial institutions; FIS’ ability to provide market-leading solutions and strong, high-profile change management, make it a prime partner for both needs. It was that combination that made U.S. Century Bank select FIS.
The bank was particularly impressed by the speed with which FIS could implement and integrate solutions. By outsourcing its back office operations through FIS’ complete IT suite, U.S. Century gains the benefits of optimizing its IT infrastructure, managing operational expenses and improving its disaster preparedness by moving important files to an FIS location.
“U.S. Century needed to increase efficiencies and innovate in order to shape itself for additional growth,” said Anthony Jabbour, EVP, FIS North America. “By integrating with FIS, U.S. Century could streamline its back office, consolidate vendors, reduce risk and expand its offerings to customers.”
“We were looking to best position ourselves to not only meet the needs of our current customers, but to also prepare us for the future,” said Manuel Lopez, EVP & Head of Operations, U.S. Century Bank. “This partnership allows U.S. Century to sharpen our focus on the differentiating products and services that drive and grow our business.”
U.S. Century Bank was founded in 2002 and is one of the largest community banks headquartered in Miami. With a network of 22 branch locations across southern Florida, it has assets of nearly $1 billion. FIS has served as core banking provider to the bank since its founding.
FIS (fisglobal.com) is the world’s largest provider of banking and payments technology solutions, and a global leader in consulting and outsourcing solutions. 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.
Statements in this release that are not strictly historical, including any statements referring to beliefs, expectations, projections, or any other statement regarding events or developments we believe or anticipate will or may occur in the future, may be “forward-looking” statements made pursuant to the safe harbor provisions of federal securities laws. There are a number of important factors that could cause events to differ materially from those suggested or indicated by such forward-looking statements. These include, among other things, changes in general economic, business and political conditions, developmental and conversion delays or disruptions 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. These forward-looking statements speak only as of the date of this release, and FIS does not assume any obligation to update any forward-looking statement.