NewswireToday - /newswire/ -
Jacksonville, FL, United States, 2015/11/04 - Launching as Thailand’s newest consumer finance institution, AIRA& AIFUL Public Company Limited (A&A) has selected FIS™, as its strategic technology provider - AIRA-AIFUL.co.th / FISglobal.com. NYSE: FIS
• AIRA & AIFUL (A&A) open Thailand’s newest consumer finance institution with FIS as its strategic technology provider.
• FIS will support A&A by providing end-to-end, consumer-facing lending and payment solutions as well as back office and infrastructure services via an outsourced model.
• Eleven of the top 13 banks in Thailand use FIS solutions.
A global leader in banking and payments technology as well as consulting and outsourcing solutions, FIS will serve as A&A’s strategic technology provider, providing consumer-facing lending and payments solutions as well as back office and infrastructure services & on a fully outsourced platform that will kick start A&A’s growth.
As one of Thailand’s newest financial institutions in a highly competitive market, A&A needed to leverage a technology provider that could deliver best-of-breed financial technology. FIS’ success enabling start-up and challenger financial services organizations made it the right choice to help A&A achieve its vision.
FIS has maintained successful relationships with Thai banks for more than 20 years and eleven of the country’s top thirteen banks now use FIS solutions.
“A&A was looking for a technology provider with the right combination of market leadership and successful end-to-end, outsourced implementations in challenging deadlines,” said Raja Gopalakrishnan, executive vice president, Global Financial Solutions, FIS. “With our experience from successful implementations across the Asia-Pacific region, FIS is the go-to leader for outsourced services in Thailand and beyond.”
“We were delighted with FIS’ history of implementations across the region, and its economies of scale from infrastructure and resource deployments,” said Susumu Ito, Senior Vice President, A&A.
AIRA & AIFUL Public Company Limited (aira-aiful.co.th) was incorporated in Dec. 2014, with capital of 1,000 million baht, as a joint venture between Thailand’s AIRA Capital Public Company Limited and AIFUL Corporation, one of Japan’s largest consumer finance companies.
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.
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.