• The Bank of Bennington has selected FIS as its new core banking provider.
• FIS also will provide online and mobile banking solutions.
• The bank’s selection process was driven by its desire to invest in technology that will streamline back office operations while simultaneously expanding services to its customers.
FIS™, the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions, also will provide online and mobile banking
Bank leaders were interested in strengthening the bank and priming it for growth. To do that, they wanted to improve their offerings to customers mobile and online, in particular and engage a core solution that could easily integrate their other products and services. Such integration provides consistency across delivery channels and allows a financial institution to fully leverage its entire infrastructure.
By improving the ways its established systems work together, and expanding its deposit offerings for customers, the bank expects to lower operations costs while increasing revenue by attracting new customers with its additional services.
“In an era of declining revenues, many financial institutions are looking to better compete by expanding their offerings to customers while simultaneously making their back offices more efficient,” said Anthony Jabbour, EVP, FIS North America. “FIS’ breadth of solutions and high-touch interaction gave bank leaders the confidence they could accomplish their goals with us.”
“We were looking to invest in technology that would take us to the future,” said James Brown, President & CEO, The Bank of Bennington. “FIS offered what we felt was a true partnership, enabling us to provide greater convenience to our customers, increase efficiency in our back rooms, and we liked their investments and commitment to data security.”
Founded in Bennington, Vt., in 1917, The Bank of Bennington is a full-service, mutual community bank with branches in the southwestern part of the state. Known for customer service, financial strength and community involvement, the bank has been Vermont’s fastest growing for the last 10 years.
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 426 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.
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