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JACKSONVILLE, Fla - 17 Jun 2009: Fidelity National Information Services,® (FIS™), a global leader in processing and technology solutions for financial institutions, today announced the availability of its strategic, real-time core processing solution, FIS Profile, on the IBM System z operating system, allowing the world’s top 50 banks and other financial institutions that rely on IBM System z for their core processing needs to deploy Profile and leverage their existing investments in infrastructure, operations and expertise. Today’s announcement arrives after FIS Profile has been optimized and benchmarked in excess of 100 million accounts.
Deployed in hundreds of financial institutions throughout 25 countries, FIS Profile helps banks dramatically reduce their operating costs. With FIS Profile now optimized for z/OS, customers can expect to see dramatic efficiency gains when adopting Profile as their core banking solution.
The FIS Profile core banking system provides exceptional scalability, reliability and business continuity. Its integrated architecture contains all of a bank’s customer data and deposit and loan accounts within a single logical system of record. An extensive inventory of configurable components is shared across all product lines to support loan and deposit products. This unique application design ensures operating efficiency while dramatically accelerating the time to market of new products and services.
Often referred as one of the world’s most sophisticated business servers, the IBM System z delivers mixed workload integration, high-transaction processing, and data serving, delivering enriched functions for the on-demand operating environment.
Existing FIS Profile customers range from organizations with direct bank subsidiaries to top-tier global banks. Now, the ability to deploy FIS Profile across a variety of platforms makes it the premier choice for organizations committed to migrating to a real-time platform or evolving their multichannel infrastructure.
“The addition of FIS Profile gives IBM clients another reason to continue to run their most sophisticated transactions on System z,” said Bob Hoey, general manager of Major Markets at IBM. “Beyond offering our customers stronger compatibility with best of breed providers like Fidelity, IBM consistently looks for ways to help clients lower their costs, reduce complexity and operate more efficiently.”
"This solution will help continue the significant growth of System z in developing markets," said Dan O'Connell, vice president of Mainframe Platform for STG Growth Markets Unit at IBM. "For the first quarter of 2009, System z business increased by 37 percent in the growth markets due to market recognition of the IBM mainframe's reliability, availability, and, in particular, its ability to scale and accommodate rapid growth. The addition of FIS Profile can make System z even more compelling for our financial services customers."
“The reliability, scalability and efficiency of FIS Profile have made it an ideal solution for large financial institutions across the globe,” said Frank Sanchez, president, FIS strategic solutions. “Offering this application on the IBM mainframe platform creates a compelling solution for institutions that are consolidating platforms and operations or upgrading to a real-time infrastructure. The combination of best-in-class solutions and services from the industry leading vendors in the top-tier provides a stable enabling framework for operational and technical transformation.”
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE: FIS), a member of the S&P 500, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers throughout the world. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10 and has been ranked the number one banking technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 14,000 financial institutions in more than 90 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. 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 and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.
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