FIS™
(NYSE: FIS), a global leader in financial services technology, today
announced ten client winners of the 2019 FIS Impact Awards program.
Independently judged by industry analyst group Celent, the Impact Awards
recognize organizations that are using FIS technology in innovative ways
to better serve their customers and drive tangible business results.
The 2019 winners are: Avidia Bank, BNP Paribas, CIBC, Citizens Bank,
ExodusPoint Capital Management, MassMutual, Origin Bank, Slavic
Integrated Administration, Stanley Black & Decker, and The Clearing
House.
Entries were judged by Celent on the criteria of applied innovation,
tangible return on investment and enhanced customer service. For each of
the winning entries, the FIS Foundation is making a $10,000 donation in
the client’s name to charitable organizations designated by the clients.
“Congratulations to the winners of our third annual FIS Impact Awards
program,” said Gary Norcross, chairman, president and CEO, FIS. “Each of
these clients has demonstrated exceptional creativity in their
application of FIS technology to drive business growth and enhance the
customer experience. We are thrilled to recognize their success, while
also giving back to the community.”
“We were impressed by the quality of this year’s field of winners and
the innovation they showed in their technology projects,” said Dan
Latimore, senior vice president, Banking, Celent. “From creative use of
application programming interfaces (APIs) and agile software development
to robo-advisory services and digital user experience, these
organizations are truly on the leading edge of the application of
financial technology.”
The following winning client projects are being recognized at the FIS
2019 client conferences starting this week:
-
Avidia
Bank, a Massachusetts-based bank known for providing payment
services to its fintech partners, won for its use of FIS APIs and the
NYCE payment network to speed settlement of payments for merchant
processors. Avidia’s solution, called Instant Merchant Settlement, has
helped its merchant customers enhance liquidity, while also providing
the bank with a new source of fee income. -
BNP
Paribas won for its use of FIS Margin Advisor to offer its clients
what-if analysis and real-time portfolio margin simulation for
positions cleared with BNP Paribas or third-party clearing brokers.
Using an agile development process, the bank was able to implement the
solution in just nine months, enhancing its client experience and
product offering. -
CIBC
was recognized for its use of FIS APIs and ConnectWare services
to provide seamless banking services to its Canadian customers working
or living in the U.S. The CIBC Bank USA Smart Account enables online
account opening, direct deposit, real-time transfers, bill-pay, and
surcharge-free ATM access for customers on both sides of the border. -
Citizens
Bank, one of the largest financial institutions in the U.S., was
recognized for its highly successful 2018 launch of its
direct-to-consumer bank Citizens Access. Powered by a modern FIS core
banking plaform, Citizens Access provides a superior customer
experience that enabled it to grow to $3.0 billion in deposits and
more than 30,000 customers in its first six months of operation
through the end of 2018. -
ExodusPoint
Capital Management, based in
New York City, won for its use of FIS Front Arena trading and
connectivity technology to support the launch of its hedge fund in
2018. Up and running within four months, ExodusPoint’s FIS system
supports a comprehensive set of asset classes across fixed income and
equities via an open, flexible architecture. -
MassMutual,
a leading mutual life insurance company, won for its use of FIS
technologies to create an enhanced, mobile-enabled portal for
consumers with immediate and deferred annuity pensions. The new
solution has improved the customer experience by providing access to
verification of income forms, change of address and direct-deposit
capability, and soon, client-specific benefit calculation capabilities
that will reduce the time-consuming and manual process of providing
estimated payouts and payment options. -
Origin
Bank, a regional community bank headquartered in Louisiana, was
awarded for its work with FIS and partner MX to roll out a new
personal financial management (PFM) product. The new solution,
launched in just eight months, provides customers an integrated view
of all of their financial accounts and allows them to create budgets
and manage expenses via the web or an app. -
Slavic
Integrated Administration, a leader in retirement services, won
for its launch of Slavic Bespoke, a robo-advisor that delivers
customized advice to 401(k) plan participants on where and how to
invest their funds. Integrated with the FIS Relius Administration
platform, Bespoke is used by nearly half of all new enrollments and
provides a recommended deferral rate and asset allocation. Eighty
percent of the users are either Gen X or millennial cohorts. -
Stanley
Black & Decker was recognized for its work with FIS on a
complex project to centralize more than 100 enterprise resource
planning systems into a centralized treasury management and payment
system. Using FIS’ Quantum and Trax solutions, the company was able to
automate manual processes, increase visibility into cash flow, and
enhance liquidity and reporting. -
The
Clearing House (TCH), which operates
U.S. core payment systems including the breakthrough RTP® network, was
recognized for its use of FIS technology to accelerate testing and
certification for participants in the new immediate payments network.
Using FIS technology, participating financial institutions can
independently perform a wide range of tests fully unattended and
complete the testing and certification in as little as two weeks.
FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, and outsourcing solutions. Through the depth and
breadth of our solutions portfolio, global capabilities and domain
expertise, FIS serves more than 15,000 clients in over 130 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 47,000 people
worldwide and holds leadership positions in payment processing,
financial software and banking solutions. Providing software, services
and outsourcing of the technology that empowers the financial world, FIS
is a Fortune 500 company and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit https://www.fisglobal.com/.
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