• INTRUST Bank has extended and expanded its long-term relationship with FIS for trust and wealth management operations and technology outsourcing solutions.
• Operational efficiencies and consolidated vendor management plus improved client services represent a win-win for INTRUST and its customers.
• FIS’ 2014 acquisition of Reliance Trust has enhanced traditional trust operations combining top-tier industry experience with leading-edge technology to create one of the most flexible outsourcing solution sets in the trust and wealth management industry.
Combining deep industry and trust experience with market-leading technology, FIS™, a global leader in banking and payments technology as well as consulting and outsourcing solutions, has extended its long-term relationship with INTRUST Bank through the addition of trust operations outsourcing and wealth management technology.
FIS continues to capitalize on market demand for deep domain expertise plus complete back-office support. Having acquired Reliance Trust last year, FIS empowers the market with one of the most flexible outsourcing solution sets in the trust and wealth management industry.
Those efficiencies particularly when paired with FIS’ industry experience have enhanced traditional trust operations, allowing firms to consolidate technology and streamline operations. This was especially important to INTRUST Bank as it focuses on delivering deeply personal service to its customers and required a partner that shares its customer-focused culture. INTRUST selected FIS for trust and investment processing, trust operations outsourcing including custody and mutual fund clearing services and a number of additional solutions.
“Adding operational efficiencies while improving client services is a win-win for INTRUST and its customers, and it’s something more and more wealth management firms are looking to accomplish so they can set themselves apart from competitors,” said Anthony Jabbour, CEVP, Integrated Financial Solutions, FIS. “FIS’ nonstop commitment to innovation continues to reinvent the way firms serve their customers.”
“FIS’ strategic direction aligned well with our wealth goals,” said Troy Jordan, division director, INTRUST Wealth & Retirement. “With such a comprehensive set of trust and wealth solutions, we believed FIS presented the best option for streamlining vendor management and positioning us to grow for the future.”
About INTRUST Bank
In addition to its $4.6 billion in assets under management in its Wealth division, INTRUST Bank (intrustbank.com) provides a full range of personal and business banking products, including commercial and consumer lending, international banking and treasury management. Founded in 1876, the bank has assets amounting to $4.3 billion, and operates 46 branches in Wichita, Kan., northeast Kansas, Oklahoma, and Arkansas. Proudly managed by the fourth generation of the C.Q. Chandler family, INTRUST is known for its commitment to innovative, high-tech services, all with a personal touch and the assurance of discretion.
FIS (fisglobal.com) is a global leader in banking and payments technology as well as consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 42,000 people worldwide and holds leadership positions in payment processing and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial industry, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.